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Illustrative image (Source: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,101 VND/USD on June 23, up 12 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,793 VND/USD and the floor rate 22,408 VND/USD. The opening-hour rates at some commercial banks increased. At 8:30 am, Vietcombank listed the buying rate at 23,065 VND/USD and the selling rate at 23,380 VND/USD, both up 5 VND from June 22. Meanwhile, BIDV also raised both rates by 5 VND, at 23,105 VND/USD (buying), and 23,385 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate up 12 VND on June 23

The daily reference exchange rate for the US dollar is set at 23,110 VND/USD on June 30. (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,110 VND/USD on June 30, up 11 VND from the previous day. With the current trading band of  +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,803 VND/USD and the floor rate 22,416 VND/USD. The opening-hour rates at some commercial banks saw increases. At 8:35am, Vietcombank listed the rates at 23,095 VND/USD (buying) and 23,405 VND/USD (selling), both up 5 VND from June 29. Meanwhile, BIDV raised both rates by 10 VND from the end of the previous session, listing the buying rate at 23,130 VND/USD and the selling rate at 23,410 VND/USD./. VNA … [Read more...] about Reference exchange rate up 11 VND on June 30

Customers conduct banking transactions at a Vietcombank branch. The bank tops the list of the 10 most prestigious commercial banks in Vietnam in 2022. - Photo baochinhphu.vn The 10 banks honoured as the most prestigious commercial banks in the country are Vietcombank, VietinBank, Techcombank, Military Bank, VPBank, ACB, BIDV, TPBank, VIB and AgriBank. Meanwhile, the list of the 10 most prestigious private joint-stock banks comprises Techcombank, VPBank, ACB, TPBank, VIB, HDBank, Sacombank, SHB, OCB and MSB. The banks have been ranked based on three criteria: financial capacity shown on the latest financial statement, credibility on media evaluated by the Media Coding method, and stakeholder opinions collected in a survey in June. The survey also showed that 48 per cent of bank customers think the banking industry has been playing a leading role in the country's economic recovery, 77 per cent think banks have been maintaining decent customer services, and 58.9 per cent think … [Read more...] about Vietnam Report announces Top 10 prestigious banks

Illustrative photo (Source: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,089 VND/USD on June 22, up 2 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,781 VND/USD and the floor rate 22,396 VND/USD. The opening-hour rates at some commercial banks continued to drop. At 8:30 am, Vietcombank listed the buying rate at 23,065 VND/USD and the selling rate at 23,375 VND/USD, both down 5 VND from June 21. Meanwhile, BIDV kept both rates unchanged at 23,100 VND/USD (buying), and 23,380 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate up 2 VND on June 22

A customer buys US dollars at a bank in Ha Noi. During May and the first half of June, the dong depreciated about 1.0 per cent on the official market. — Photo baochinhphu.vn The State Bank of Viet Nam (SBV) sold about US$7 billion in the first five months of this year to balance the supply and demand sources of the greenback in the domestic forex market, according to the Viet Dragon Securities Corporation (VDSC). The USD/VND exchange rate listed at Vietcombank has so far this year increased by approximately 2 per cent. The average rate of commercial banks according to Bloomberg's statistics in the period has increased by about 1.7 per cent. During May and the first half of June alone, the dong depreciated about 1.0 per cent on the official market. However, in the context that most currencies have fallen significantly against the US dollar after the Federal Reserve raised interest rates, the dong has remained relatively stable. The US Dollar Index has so far this year risen … [Read more...] about Central bank sold roughly $7 billion to stabilise forex market

Illustrative image (Photo: VNA) Hanoi, (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,105 VND/USD on June 24, up 4 VND from the previous day. With the current trading band of /-3 percent, the ceiling rate applicable to commercial banks during the day is 23,797 VND/USD and the floor rate 22,412 VND/USD. The opening-hour rates at some commercial banks rose again. At 8:30 am, Vietcombank listed the buying rate at 23,080 VND/USD, up 15 VND and the selling rate at 23,390 VND/USD, up 10 VND from June 23. Meanwhile, BIDV raised the buying rate by 5 VND to 23,110 VND/USD and the buying rate by 15 VND to 23,390 VND/USD. During the week from June 20-24, the daily reference exchange rate mostly followed an upward trend except for on Tuesday. It ended the week up 13 VND from Monday./. VNA … [Read more...] about Reference exchange rate up 4 VND on June 24

Shares were mixed on Friday morning, with the market benchmark VN-Index rising slightly as some large-cap stocks faced correction. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 4.46 points, or 0.38 per cent, to 1,193.34 points. The market's breadth was positive, while liquidity was up compared to the previous session but remained at low levels. Accordingly, the matching value on the southern bourse climbed by 9 per cent to more than VND4.8 trillion (US$207.5 million). However, foreign investors were net sellers this morning after net selling a value of VND101 billion on the market. The index extend rallies, but strong gains in the previous trade triggered some profit-taking activities in pillar stocks, especially in energy and real estate stocks. The VN30-Index, tracking the 30 biggest stocks on HoSE, advanced 2.7 points, or 0.22 per cent, to 1,243.28 points. In the VN30 basket, 19 stocks inched up, while nine declined and two stayed unchanged. BIDV (BID) … [Read more...] about VN-Index edges close to 1,200 points

PV Gas's Cà Mau facility. GAS lost almost half of its gain on Thursday, down 2.4 per cent yesterday. — VNA/VNS Photo Huy Hùng HÀ NỘI — Shares lost rising momentum in the last trading minutes on Friday as divergence continued to expand to the whole market. The VN-Index on the Hồ Chí Minh Stock Exchange slid back to the negative territory after a brief rise on Thursday, down 0.29 per cent to close the week at 1,185.48 points. It gained 1.7 per cent on Thursday after four straight declining sessions. Divergence occurred in almost all groups of stocks, from finance to real estate, even to energy and chemicals. According to analysts, in the context of poor liquidity, supply and demand for stocks can change erratically, so it is difficult for the whole industry to follow the same direction. Overall, the gainers slightly outnumbered the losers by 244-239 while 91 closed flat. In the energy sector, PV Gas (GAS) lost almost half of its gain on Thursday, down 2.4 per cent; … [Read more...] about Shares close the week in negative zone

PV Gas's Ca Mau facility. GAS lost almost half of its gain on Thursday, down 2.4 per cent yesterday. -VNA/VNS Photo Huy Hung The VN-Index on the Ho Chi Minh Stock Exchange slid back to the negative territory after a brief rise on Thursday, down 0.29 per cent to close the week at 1,185.48 points. It gained 1.7 per cent on Thursday after four straight declining sessions. Divergence occurred in almost all groups of stocks, from finance to real estate, even to energy and chemicals. According to analysts, in the context of poor liquidity, supply and demand for stocks can change erratically, so it is difficult for the whole industry to follow the same direction. Overall, the gainers slightly outnumbered the losers by 244-239 while 91 closed flat. In the energy sector, PV Gas (GAS) lost almost half of its gain on Thursday, down 2.4 per cent; Petrolimex (POW) decreased 2.5 per cent after hitting the ceiling price in the previous session. Meanwhile, other power stocks such as Ba Ria … [Read more...] about Shares close the week in negative zone on low liquidity

Shark catfish exports to China in particular increased by 124 percent, accounting for 26.5 percent of shark catfish export trade turnover, according to data by the Ministry of Agriculture and Rural Development. It is followed by exports to the U.S. with a 131 percent, EU with a 89 percent, Thailand with a 85 percent, and Brazil with a 51 percent increase. At the end of April, the price of exported frozen shark catfish to the U.S. reached a new peak at $5 per kilogram, around $2 higher than the same period last year. In China, the price of filleted shark catfish was around $3.15-3.25 per kilogram, around $0.5 per kilogram higher than the same period last year. Shark catfish trade is expected to flourish this year, BIDV Securities Company anticipated. It said demand in the U.S., China and EU would be high following long periods of Covid-19 restrictions. In the U.S., importers have taken in more shark catfish as its stock inventory had run low following two years of Covid-19. The … [Read more...] about Shark catfish exports reach record high