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 central bank slows down cash withdrawal as exchange rate remains stable
The State Bank of Vietnam (SBV), the country’s central bank, has reduced the volume of T-bills put up for auction as the USD/VND exchange rate stays stable.
Banking - Wed, March 27, 2024 | 5:14 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
Vietnam dong seen weakening 1.5% vs. US dollar in 2024: broker
Vietnam's local currency the dong is likely to devalue 1.5% against the U.S. dollar this year to VND24,600 as upward pressures persist, KB Securities Vietnam (KBSV) said in a report.
Banking - Mon, February 26, 2024 | 10:33 am
USD prices go up in Vietnam open market, bucking trend at banks
Gold shops in Vietnam’s major cities raised greenback prices by VND60 in both directions from Tuesday to VND25,030-25,130 for respective bids and asks on Wednesday, breaching the VND25,000 psychological threshold.
Banking - Wed, February 21, 2024 | 4:22 pm
Vietnam dong may weaken 3% in 2024: broker
The Vietnamese dong, Vietnam’s local currency, is forecast to devalue around 3% against the U.S. dollar this year, a similar magnitude to that seen in 2023, as depreciation pressure lingers, Vietcombank Securities (VCBS) said.
A year in review and 2024 forecasts - Tue, February 6, 2024 | 3:02 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
State-controlled Vietcombank reaps $1.69 bln in 2023 pre-tax profit
Vietcombank, the largest Vietnamese lender by market capitalization, saw its 2023 pre-tax profit expand 10.2% year-on-year to VND41.2 trillion ($1.69 billion), exceeding the yearly plan by 0.3%, according to the lender’s estimates.
Banking - Mon, January 8, 2024 | 8:32 am
Vietnam 2024 credit growth estimated at 12%, bad debt under control: brokerage
Credit growth of Vietnam’s banking system in 2024 is likely to remain the same as this year at around 12%, analysts with Vietcombank Securities (VCBS) said in a new report.
A year in review and 2024 forecasts - Wed, December 27, 2023 | 5:33 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
Vietcombank chairman appointed State Bank of Vietnam deputy governor
Pham Quang Dung, board chairman of state-controlled Vietcombank, has been appointed Deputy Governor of Vietnam's central bank (SBV) per a prime ministerial decision, starting from January 1, 2024.
Banking - Tue, December 26, 2023 | 8:55 am
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