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.
The Monday rate was equivalent to the three-month low of VND23,954 recorded on August 24 and VND23,952 on August 25. The Tuesday rate was 0.71% lower than that on October 31, according to SBV data.
The depreciation of the greenback has happened as the U.S. Federal Reserve maintained its funds rate at 5.25%-5.5% early November.

The dong-dollar central exchange rate in Vietnam has been falling continuously in November. Photo courtesy of Thanh Nien (Young People) newspaper.
Per the SBV's trading band of +-5%, the reference exchange rate of VND23,400-25,243 means commercial banks can set their exchange rates between VND22,756 and VND25,151.
The exchange rate has moved in the same direction at commercial banks. At mid-Tuesday, state-controlled Vietcombank, one of the country's "Big 4" banks, set its buying and selling rates at VND23,930 and VND24,270 per U.S. dollar, respectively, down from VND24,005 and VND24,345 on Monday.
At BIDV, another “Big 4” bank, the buying and selling rates were VND23,950 and VND24,250 Tuesday, respectively, down from VND24,020 and VND24,320 the previous day.
At yet another “Big 4” member, VietinBank, the buying rate fell to VND23,939 Tuesday from Monday’s VND23,965 while the selling rate decreased to VND24,279 from VND24,385.
Corresponding figures at Techcombank, a leading private lender, were VND24,268 and VND23,958 Tuesday, down from VND24,333 and VND24,023.
- Read More
KBC to double down on mega golf course project in northern Vietnam
KinhBac City Development Holding Corporation (KBC), a leading industrial real estate developer in Vietnam, will forgo dividend payouts this year to retain capital for ongoing projects, including a 990.43-hectare property development in the northern province of Hung Yen.
Companies - Sun, June 29, 2025 | 1:30 pm GMT+7
Unit of Vietnam’s first LNG power complex connects to national grid
The Nhon Trach 4 power plant, one of two units in Vietnam’s first liquefied natural gas (LNG)-fueled power complex, officially connected to the national grid on Friday with an initial capacity of 50 MW.
Energy - Sun, June 29, 2025 | 10:00 am GMT+7
'Blockbuster' deals expected to boost Vietnam's stock market
Initial public offerings (IPOs), new listings, and bourse transfers are expected to become key drivers for the Vietnamese stock market in the coming time.
Finance - Sun, June 29, 2025 | 9:02 am GMT+7
Singapore-based Dale Investment acquires 73% stake in Vietnam’s Tam Tri hospital chain
Singapore-based investment fund Dale Investment Holdings has acquired a 73.15% stake in Vietnam’s private hospital chain Tam Tri Medical, according to a recent corporate registration update.
Companies - Sat, June 28, 2025 | 11:12 pm GMT+7
Volume of goods through seaports surges during US tariff pause
There's been a surge at Vietnamese container ports as businesses speed up deliveries during the 90-day pause on U.S. reciprocal tariffs.
Companies - Sat, June 28, 2025 | 10:52 pm GMT+7
Central Retail unveils $1.38 bln expansion plan for Thailand and Vietnam
Thailand's largest retailer Central Retail Corporation (CRC) will invest over THB45 billion ($1.38 billion) through 2027 to expand mainstream markets and accelerate growth in both Thailand and Vietnam, the retailer said in a release on June 24.
Companies - Sat, June 28, 2025 | 10:49 pm GMT+7
Dong Nai proposes development of $16 bln free trade zone
The southern province of Dong Nai has unveiled a plan to develop a $16 billion free trade zone to capitalize on the upcoming Long Thanh International Airport.
Companies - Sat, June 28, 2025 | 10:46 pm GMT+7
Thai Deputy PM to travel to US for trade talks next week
Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira on Friday said that he will travel to the U.S. for trade talks next week.
Southeast Asia - Sat, June 28, 2025 | 10:36 pm GMT+7
Indonesia sees steady rise in renewable energy capacity
Indonesia's renewable energy capacity is rising year-on-year, according to Pandu Patria Sjahrir, chief investment officer (CIO) at the Investment Management Agency Daya Anagata Nusantara (BPI Danantara) of Indonesia.
Southeast Asia - Sat, June 28, 2025 | 10:34 pm GMT+7
$2 bln high-end tourism-service project okayed in northern Vietnam economic zone
The Vietnamese government has given in-principle approval to a high-end integrated tourism-service complex in Van Don Economic Zone in the northern province of Quang Ninh.
Real Estate - Sat, June 28, 2025 | 10:27 pm GMT+7
Beverage giant Tan Hiep Phat-tied firm plans $153 mln to expand southern Vietnam plant
A company tied with Vietnamese beverage giant Tan Hiep Phat plans to invest VND4 trillion (153.3 million) to expand its beverage plant in the southern province of Hau Giang.
Investing - Sat, June 28, 2025 | 4:10 pm GMT+7
Masan Consumer announces 25% interim cash dividend
Masan Consumer, the consumer goods arm of Masan Group, has announced a plan to pay an interim dividend for 2025 at a rate of 25% (VND2,500 or $0.096 per share).
Companies - Sat, June 28, 2025 | 1:03 pm GMT+7
Vietnam’s credit growth exceeds 7% in H1
Total outstanding credit across Vietnam’s banking system had reached VND16,730 trillion ($656 billion) in the year to June 18, up 7.14% from end-2024, according to the State Bank of Vietnam (SBV).
Banking - Sat, June 28, 2025 | 12:52 pm GMT+7
Vietnam's property developer Phat Dat aims to nearly double share price
Phat Dat Real Estate Development Corp (HoSE: PDR), a major real estate developer in Ho Chi Minh City, expects its shares to climb to VND30,000 ($1.15) apiece by year-end, with its leadership voicing strong resolve to deliver on the target.
Real Estate - Sat, June 28, 2025 | 9:46 am GMT+7
Work on HCMC’s Ring Road 4 set to commence in 2025
The National Assembly, Vietnam's legislature, on Friday gave in-principle approval to the Ring Road 4 project in Ho Chi Minh City, with 99.09% of members in attendance voting in favor.
Investing - Sat, June 28, 2025 | 8:26 am GMT+7
Private firms eligible to invest in trans-Vietnam high-speed railway project
The National Assembly, Vietnam's legislature, has allowed private companies to invest in the North-South high-speed railway project.
Economy - Fri, June 27, 2025 | 9:16 pm GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?