Dollar up again after slight drop

Dollar up again after slight drop

The U.S. dollar at commercial banks has risen against the Vietnamese dong after a slight decrease late last week.

Banking - Mon, September 26, 2022 | 11:05 am GTM+7

VN-Index loses 31 points in week of US interest rate hike

VN-Index loses 31 points in week of US interest rate hike

Vietnam’s benchmark VN-Index decreased to the area close to 1,200 points at the end of this week, down 31 points following the U.S. Federal Reserve’s mid-week interest rate hike of 75 percentage points.

Finance - Sat, September 24, 2022 | 5:02 pm GTM+7

Deposit rates surge after central bank raises rate ceiling

Deposit rates surge after central bank raises rate ceiling

A slew of small- and medium-size commercial banks have hiked their deposit interest rates by 0.3-1 percentage points after the State Bank of Vietnam raised the deposit rate ceiling Friday.

Banking - Sat, September 24, 2022 | 3:10 pm GTM+7

Vietnam central bank raises deposit rate ceiling

Vietnam central bank raises deposit rate ceiling

The State Bank of Vietnam decided Thursday to raise the deposit rate ceiling, refinance rate and rediscount rate for the first time in two years.

Banking - Thu, September 22, 2022 | 10:23 pm GTM+7

Vietnam mulls policy rate hike amid surging U.S. inflation

Vietnam mulls policy rate hike amid surging U.S. inflation

Prime Minister Pham Minh Chinh asked the State Bank on Thursday to consider raising its policy interest rates and deposit rates, while steadying lending rates.

Banking - Thu, September 22, 2022 | 3:04 pm GTM+7

Dollar posts another record high as central rate keeps rising

Dollar posts another record high as central rate keeps rising

The U.S. dollar at commercial banks has reached another all-time high against the Vietnamese dong after Vietnam increased its central rate to VND23,316 on Thursday.

Banking - Thu, September 22, 2022 | 2:59 pm GTM+7

18 commercial banks allowed to lend more

18 commercial banks allowed to lend more

Eighteen commercial banks that account for 80% of the Vietnamese banking system's credit have had their credit growth cap for this year lifted by the central bank.

Banking - Thu, September 22, 2022 | 8:29 am GTM+7

Vietnam increases central rate, dollar hits record high

Vietnam increases central rate, dollar hits record high

The dollar climbed to an all-time high against the dong after Vietnam increased its central rate to VND23,301 Tuesday amidst concerns over expected interest hikes by the U.S. Federal Reserve.

Banking & Finance - Tue, September 20, 2022 | 7:54 pm GTM+7

Cross-border service providers pay $22 mln via online tax portal

Cross-border service providers pay $22 mln via online tax portal

Thirty foreign enterprises involved in cross-border activities, including Tik Tok, Microsoft, Youtube, Facebook and Google, have paid taxes totaling VND520 billion ($22 million) to the Vietnamese state budget via a tax payment web portal launched five months ago.

Finance - Tue, September 20, 2022 | 5:56 pm GTM+7

Road builder Tasco buys out insurer Groupama Vietnam

Road builder Tasco buys out insurer Groupama Vietnam

Tasco JSC, a major Vietnamese road builder, has acquired the entire Groupama Vietnam General Insurance Company Ltd. from France's Groupama Assurances Mutuelles.

Finance - Tue, September 20, 2022 | 4:01 pm GTM+7

How former Louis Holdings chairman manipulated stock prices

How former Louis Holdings chairman manipulated stock prices

Do Thanh Nhan, former chairman of Louis Holdings, and accomplices gained VND153.8 billion ($6.5 million) in illicit profits by manipulating the price of two stocks, according to investigative authorities.

Finance - Tue, September 20, 2022 | 10:45 am GTM+7

Corporate bond market stagnant for eight months

Corporate bond market stagnant for eight months

After the market was tightened up over transparency concerns, the issuance of corporate bonds in Vietnam has slowed significantly, latest data shows.

Finance - Mon, September 19, 2022 | 8:31 pm GTM+7

Central bank to maintain 14% credit growth cap

Central bank to maintain 14% credit growth cap

The State Bank of Vietnam will maintain the banking system's credit growth cap for this year at 14% because lifting it would impact industry liquidity and interest rates, says its deputy governor.

Banking - Sun, September 18, 2022 | 9:58 pm GTM+7

Coffee firm Thang Loi seeks regulator help over stock price turbulence

Coffee firm Thang Loi seeks regulator help over stock price turbulence

Thang Loi Coffee JSC is proposing the State Securities Commission and Hanoi Stock Exchange (HNX) conduct an inspection of individuals who made transactions that led to the abnormal increases of its shares.

Finance - Sun, September 18, 2022 | 10:45 am GTM+7

SMBC representative leaves Eximbank board of directors

SMBC representative leaves Eximbank board of directors

The representative of major shareholder Sumitomo Mitsui Banking Corporation (SMBC) in Eximbank, Vo Quang Hien, is no longer a member of its board of directors, starting Wednesday.

Banking - Fri, September 16, 2022 | 2:58 pm GTM+7

US inflation data deflates VN-Index

US inflation data deflates VN-Index

Vietnam’s benchmark VN-Index dropped almost eight points Wednesday as global markets reacted badly to the latest U.S. inflation data.

Finance - Wed, September 14, 2022 | 6:16 pm GTM+7

Corporate bond market collapse unlikely: experts

Corporate bond market collapse unlikely: experts

Bond default risk in Vietnam is still low, Vietnamese experts said Tuesday amid fears of a corporate bond market collapse.

Finance - Wed, September 14, 2022 | 4:53 pm GTM+7

Shinhan Bank makes tax payment easy via eTax Mobile app

Shinhan Bank makes tax payment easy via eTax Mobile app

Shinhan Bank Vietnam has worked with the General Department of Taxation to launch a personal electronic tax and fee payment service via the eTax Mobile app that can work on both IOS and Android operating systems.

Banking - Wed, September 14, 2022 | 11:27 am GTM+7

Vietjet seeks to offer shares for $200 mln in proceeds

Vietjet seeks to offer shares for $200 mln in proceeds

Vietnamese budget carrier Vietjet Air plans to issue 34.8 million new shares to professional securities investors, equivalent to 6.43% of the total number of outstanding shares.

Finance - Tue, September 13, 2022 | 5:05 pm GTM+7