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| Hyundai Palisade (Photo: VNA) |
This shipment on October 29 is part of the company’s plan to export over 4,000 Hyundai vehicles to countries in the region during the 2024-2025 period. Among these, Hyundai Palisade is Hyundai's premium sport utility vehicle (SUV), which has been produced and distributed in Vietnam since September 2023.
Notably, with a localisation rate of over 40%, Hyundai Palisade not only meets stringent technical requirements but also qualifies for tariff preferences under the ASEAN Free Trade Agreement (AFTA), which provides it a significant competitive advantage for international exports.
This export event marks over 15 years of strategic cooperation between TC Group and Hyundai Motor in the production and distribution of Hyundai-branded vehicles in Vietnam. To date, TC Group has successfully established Hyundai’s automobiles and passenger cars as a dominant presence in the Vietnamese market.
In addition to Hyundai Palisade, the company aims to expand the export of other vehicle lines to other Southeast Asian countries like Myanmar, the Philippines, and Indonesia. This demonstrates the global quality of Hyundai-branded automobiles produced and assembled in Vietnam, contributing to elevating the status of Vietnam's automotive industry on the regional map.
Young chess masters to compete at world championships in Brazil
Six Vietnamese chess masters will compete at the FIDE World Youth Chess Championships 2024 in Brazil from October 29 to November 9, the Vietnam News Agency reported.
They will take part in the Open 14, O16 and O18 categories.
Among the Vietnamese competitors, FIDE Master Dinh Nho Kiet is widely considered as the player with the most potential to win a medal in the O14 class.
With his Elo rating of 2,333, Kiet is among the top-seeded players of the group.
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| FIDE Master Dinh Nho Kiet will lead Vietnamese team at the FIDE World Youth Chess Championships 2024 (Photo: VNA) |
Last year, Kiet also took part in the championship and earned 7.5 points for a 20th place overall. Later he won gold in the Southeast Asian Youth Chess Championships.
The Vietnam Chess Federation’s General Secretary Nguyen Minh Thang said the most suitable players were chosen to participate in this event. They will face strong rivals from all over the world. To earn medals, masters must focus completely on their matches and play very carefully.
Previously, Vietnam's chess masters have won major titles in world youth events, including Dao Thien Hai (O16 in 1993), Nguyen Thi Dung (girls' U12, 1994), Hoang Thanh Trang (G20, 1998), Nguyen Ngoc Truong Son (O10, 2000) and Le Quang Liem (O14, 2005).
Thang said he expects the Vietnamese masters to earn remarkable results in Brazil.
Price of gold rings surpass that of SJC gold bars for first time
The price of gold rings on the morning of October 30 officially surpassed that of SJC gold to reach VND89.3 million per tael, said Radio the Voice of Vietnam.
This represents the first time in history that the price of gold rings has exceeded the price of SJC gold bars.
Accordingly, at 10 a.m., Doji Group listed the price of 9999 gold rings at VND88.3 million per tael for buying and VND89.3 million per tael for selling. This figure marks an increase of VND300,000 compared to the price of gold bars.
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| Price of gold rings surpass that of SJC gold bars for first time (Photo: PANO) |
Meanwhile, the Saigon Jewelry Company (SJC) traded gold rings at VND87 million per tael for buying and VND88.8 million per tael for selling, VND200,000 lower than gold bars.
Bao Tin Minh Chau reported a buying price of gold rings at VND87.98 million per tael and a selling price at VND88.98 million, only VND20,000 lower than that of SJC gold bars.
This latest rise is largely fueled by increases occurring in global gold prices. The price of gold on the global market is being traded at US$2,778 per ounce, up 34% since the beginning of this year.
Experts suggest that persistently low global interest rates continue to support gold prices. Mos notably, the upcoming US presidential election with its intense ongoing developments is also contributing to increased investment in gold.
Nine-month rice exports to Philippines hit nearly US$2 billion
Vietnam earned nearly US$2 billion from exporting rice to the Philippines market during the past nine months of the year, making up 42.86% of the country's total rice export turnover, Radio the Voice of Vietnam quoted the figures of the Vietnamese Trade Office in the Philippines.
With this robust growth, rice exports to the Philippines during the reviewed period exceeded last year's US$230 million, thereby turning this market into Vietnam's largest rice importer.
Statistics indicate that the total two-way trade turnover between the two countries during the nine-month period surged by 20% on-year to reach nearly US$6.5 billion.
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| Rice field (Photo: laodong.vn) |
Of the figure, exports increased by 20.7% to reach over US$4.6 billion and imports climbed to nearly US$1.9 billion, equivalent to the same period from last year.
In the last three months of the year, the Philippines' rice import demand is predicted to continue to enjoy an upswing due to rising domestic consumption demand and damages caused by natural disasters to year-end crop.
According to experts, the rice import volume from the nation in the fourth quarter could reach US$500 million.
Currently, the country has about 35 export items to the Philippines market. High growth rates were recorded in items such as rice, coffee, pepper, fertilizers of all kinds, iron and steel products, phones and components, along with cameras, camcorders, and components.
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| Nine-month rice exports to Philippines hit nearly US$2 billion (Photo: VOV) |
With the current growth momentum, the total import-export turnover between the two sides will exceed US$8 billion for the first time this year, with the trade surplus reaching over US$3 billion.
Meanwhile, Vietnamese enterprises have won three lots with a quantity of 85,000 tonnes of rice, accounting for 17% in Indonesia's giant rice bidding package of 500,000 tonnes, according SSRicenews a website detailing changes in global rice trade./.