Interest rates

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,205 VND per USD on September 8, down 2 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,901 VND/USD and the floor rate, 22,509 VND/USD. The opening hour rates at commercial banks continued to stay stable. At 8:25 am, Vietcombank listed the buying rate at 23,060 VND/USD and the selling rate at 23,270 VND/USD, both unchanged from September 7. BIDV also kept both rates unchanged, at 23,065 VND/USD (buying) and 23,285 VND/USD (selling). Meanwhile, Techcombank raised its both rates by 1 VND, listing the buying rate at 23,067 VND/USD and the selling rate at 23,267 VND/USD./. … [Read more...] about Reference exchange rate down 2 VND on September 8

The rating on the nation’s long-term, foreign currency-denominated debt was raised one level to BB, with a stable outlook. — Photo rappler.comViet Nam News WASHINGTON — Fitch Ratings has upgraded Việt Nam’s sovereign rating based on the country’s rising foreign exchange reserves and strong economic growth. … [Read more...] about Fitch raises rating for Việt Nam

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,203 VND per USD on September 9, down 2 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,899 VND/USD and the floor rate, 22,507 VND/USD. The opening hour rates at commercial banks saw slight changes. At 8:25 am, Vietcombank listed the buying rate at 23,060 VND/USD and the selling rate at 23,270 VND/USD, both unchanged from September 8. BIDV added 5 VND to both rates, listing the buying rate at 23,090 VND/USD and the selling rate at 23,270 VND/USD. The rates listed at Techcombank were adjusted up 2 VND to 23,069 VND/USD (buying) and 23,269 VND/USD (selling)./. … [Read more...] about Reference exchange rate down 2 VND on September 9

Over 4,000 children to be born in VN on New Year’s Day: UNICEF An estimated 4,259 babies will be born in Vietnam on New Year’s Day, UNICEF said today. Vietnamese babies will account for over one per cent of the estimated 392,078 babies to be born on New Year’s Day.   … [Read more...] about Vietnam sees increasing survival rate of premature infants

According to the latest deposit interest rate schedule in September, banks with highest deposit interest rates included the Saigon - Hanoi Commercial Joint Stock Bank (SHB) with a rate of up to 8.95 per cent per year for a 13-month term, the Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) with a rate of 8.5 per cent per year for the same term, the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) with the rate of 8.4 per cent per year for 13 months and 24 months. … [Read more...] about Despite lower interest rates, people still put money in banks