USD weakens slightly against VND after Fed holds rates steady
The U.S. dollar slid against the Vietnamese dong (VND) on Thursday morning hours after the U.S. Federal Reserve (Fed) kept its policy rate unchanged in the 5.25-5.50% range.
Banking - Thu, May 2, 2024 | 11:37 am
USD rate passes VND25,000 milestone at top Vietnam lender Vietcombank
Vietcombank, the largest Vietnamese lender by market capitalization and foreign exchange transactions, increased its USD buying and selling rates to VND24,790 and VND25,130 Wednesday afternoon.
Banking - Wed, April 3, 2024 | 7:46 pm
Vietnam banks enter new phase of deposit rate cuts
Vietnamese commercial banks, led by state-controlled majors, have begun a new round of lowering deposit interest rates amidst tepid credit growth.
Banking - Sat, March 23, 2024 | 3:42 pm
Nam A Bank becomes 18th lender listed on Vietnam’s main bourse
Nam A Commercial Joint Stock Bank (Nam A Bank) on Friday debuted 1.06 billion shares on the Ho Chi Minh Stock Exchange (HoSE), becoming the 18th bank to be traded on Vietnam’s main bourse.
Banking - Sat, March 9, 2024 | 10:00 am
Legal gaps should be filled to boost trade finance in Vietnam: experts
More actions are needed to fill up legal gaps in Vietnam to ramp up trade finance that is vital to expanding international trade for importers as well as exporters, a panel has said.
Finance - Fri, February 23, 2024 | 4:19 pm
2024 expert advice: understand investment channels better, make money calmly
Investors can stay proactive and calm, limit herd behavior and adopt appropriate investment and retracement strategies in 2024 with improved knowledge and understanding of investment channels, says Can Van Luc, chief economist of BIDV bank and director of BIDV Research & Training Institute.
A year in review and 2024 forecasts - Sun, February 11, 2024 | 1:35 pm
Lifting of trade embargo paved way for ‘terrific advances’ in US-Vietnam ties: ambassador
The lifting of the trade embargo on Vietnam by President Clinton 30 years ago paved the way for all the terrific advances in the U.S.-Vietnam trade and economic relationship, said ambassador Marc Knapper.
Economy - Sat, February 3, 2024 | 1:32 pm
Vietnam stock market may see $4 bln in foreign buying with upgrade
Foreign funds may purchase around $3.5-4 billion worth of Vietnamese shares if the country’s stock market status is upgraded by two global index providers MSCI and FTSE, BIDV Securities JSC (BSC) has said in a report.
Finance - Tue, January 30, 2024 | 3:42 pm
Vietnam's Big 4 banks cut deposit interest rates to below 2%
Deposit interest rates at four state-controlled banks in Vietnam, namely Vietcombank, Agribank, BIDV and VietinBank, have dropped to below 2% for some terms as the banking sector continues to cut interest rates.
Banking - Thu, January 18, 2024 | 5:31 pm
Vietnam’s four state-owned banks enjoy solid 2023 profit growth
Vietnam’s four state-owned banks, known as the "Big 4", all recorded sound profit growth of 10-19% in 2023.
Banking - Mon, January 15, 2024 | 1:52 pm
Vietnam banks cut deposit interest rates to record lows amid lukewarm lending
Commercial banks in Vietnam are unanimously lowering their interest rates on short-term deposit to all-time lows as credit demand stays lackluster despite the year-end peak season nearing.
Banking - Tue, December 26, 2023 | 6:19 pm
Standard Chartered to finance Vietnam firms $3 bln for climate change response
Standard Chartered Vietnam has signed five memorandums of understanding (MoUs) valued at approximately $3 billion in sustainable financing to support five companies in Vietnam in achieving their sustainability goals.
Banking - Mon, December 4, 2023 | 4:11 pm
Vietnam bank deposits hit record high of $522 bln at end-September amid lowering rates
Client deposits at credit institutions in Vietnam reached a record high of VND12,680 trillion (circa $522 billion) as of end-September, rising 7.28% from end-2022, data from the central bank showed.
Banking - Tue, November 28, 2023 | 11:07 am
Vietnam central bank reduces exchange rate to three-month low
The State Bank of Vietnam (SBV) decreased the central exchange rate to VND23,954 per U.S. dollar Monday and further to VND23,915 Tuesday.
Banking - Tue, November 21, 2023 | 12:22 pm
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- Editor’s Picks
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No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB
