Sunday, September 10, 2023

Iran to remove dollar from tourism ties with regional states - Mehr News Agency (9/9/23), 10 SEPT

  Iran to remove dollar from tourism ties with regional states - Mehr News Agency (9/9/23)

TEHRAN, Sep. 09 (MNA) – The Governor of the Central Bank of Iran (CBI) announced that the dollar will be removed from tourism exchanges with the countries of the region.

Currently, Iran's trade transactions with other countries are generally carried out in euro, dirham, yuan, ruble, rupee, and dinar currencies, the CBI governor Mohammadreza Farzin said on Saturday.

Tourism and non-commercial transactions are made with the dominant currencies of the euro and the dollar, Farzin noted.

He further added that removing the dollar from non-commercial and tourist transactions happened for the first time in the country during the Arbaeen pilgrimage this year.

Extending the satisfactory experience of Arbaeen (removing dollar) to other countries in the region is under expert review and operational planning, he added.

https://en.mehrnews.com/news/205795/Iran-to-remove-dollar-from-tourism-ties-with-regional-states

Intel has a $1.5 billion factory in southern Vietnam for assembling, packaging and testing chips, the biggest in its global network, and has had plans to expand it.

Amkor is building near Hanoi "a state-of-the-art mega factory for semiconductor assembly and testing," Treasury Secretary Janet Yellen said on a visit to Hanoi in July. The company has dozens of open positions on its Vietnam web page.

Chip designing firm Marvell has said it plans to build a "world-class" centre in Vietnam

U.S. officials have repeatedly said that assembling and designing were the segments of the chipmaking industry where Vietnam was likely to grow faster, although a shortage of engineers could slow the industry take-off.

Vietnam has also ambitions to build its own chipmaking factories, or fabs. GlobalFoundries is specialised in making integrated circuits on wafers for smartphones, cars and other applications.

Vietnam is a major exporter of smartphones and electronics.

An executive at a major U.S. chips firm said the Vietnamese government had been holding meetings with most major chips companies in the country, including Intel, Samsung and Qualcomm, to ask for advice on setting up the country's first fab.

U.S. officials have also said an upgrade of formal ties with Vietnam could help collaboration on artificial intelligence (AI), a sector in which Google is a major global player.

Vingroup, Vietnam's largest conglomerate and the parent of Nasdaq-listed electric car maker VinFast, has a unit focussed on AI.

Boeing may announce a deal involving the sale of 50 of its 737 MAX jets, people familiar with the matter told Reuters. Boeing declined to comment.

https://www.channelnewsasia.com/business/exclusive-top-us-chipmakers-tech-firms-attend-vietnam-meeting-biden-visits-3758281

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