When the epidemic is contained, investors’ confidence will return. They will withdraw money from shelter channels and pour money into risky assets. As the dollar will no longer be the shelter, the demand will decrease and the exchange rate will return to normal again. Meanwhile, foreign investors are selling shares in Vietnam. As they are buying dollars in large quantities to transfer money abroad, the dollar price has increased. … [Read more...] about Why has the US dollar price escalated?
Citizens are advised to maintain a minimum distance of two meters in social interaction, the prime minister said in a directive on Tuesday, insisting that the government bans any gathering of more than two people outside public offices, schools, hospitals, and in public spaces in general. … [Read more...] about Number of recovered COVID-19 patients hits 60 in Vietnam
A Sacombank office in Tây Hồ District, Hà Nội. The bank shares surged 7.0 per cent on Wednesday to lift the benchmark VN-Index up 2.69 per cent. - Photo baodauthau.vn … [Read more...] about VN stocks pick up after officials’ reassurances
Nguyen Huy Trung, head of Foreign Affairs of Honda Vietnam, said that in accordance with Prime Minister Nguyen Xuan Phuc's directive on the prevention of the COVID-19 pandemic as well as the firm’s top priority on ensuring the health of all staff, Honda Vietnam has decided to halt production of automobiles and motorbikes. … [Read more...] about Honda Vietnam suspends production due to COVID-19
The National Payment Corrporation of Viet Nam recently slashed the switching fees for local banks twice, which made local banks cut fees on customers for fast fund interbank transfer of sums worth VND2 million or less. — VNS … [Read more...] about Electronic fund transfer fees to be cut by at least 50 per cent