State bank of vietnam

 Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,217 VND per USD on August 12, unchanged from the previous day. With the current trading band of  +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,905 VND/USD and the floor rate, 22,513 VND/USD.  The opening hour rates at commercial banks stayed 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 August 11.  BIDV also kept both rates unchanged, at 23,085 VND/USD (buying) and 23,265 VND/USD (selling). Meanwhile, Techcombank cut 4 VND from both rates, listing the buying rate at 23,066 VND/USD and the selling rate at 23,266 VND/USD./. … [Read more...] about Reference exchange rate kept unchanged on August 12

The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 205 tickers gain and 180 lose. Total trading volume rose slightly over the previous session to VND4.5 trillion ($193.5 million), the same level as last month’s average daily trading. … [Read more...] about VN-Index returns to recovery streak

From April 1 to 20, average transaction value through the system grew 8.85% inter-annually despite the social distancing order. To deal with the spread of the Covid-19 pandemic, many banks and telecom carriers in Vietnam have integrated e-stores and grocery chains into their payment platforms to help Vietnamese people shop online while staying at home. … [Read more...] about Vietnamese shoppers prefer cashless payments

"The hotel industry is facing one of its biggest challenges to date, and we have asked for the same trust, flexibility and goodwill from EHT and DBS Trustee that the Sponsor has demonstrated, including paying above the hotel-generated income since time of IPO, providing multiple solutions consistent with commercial practices between lenders and other public companies experiencing the impact of COVID-19. However, it appears that EHT, on its advisors' recommendations, is continuing to permit activities which may rapidly consume EHT's cash resources, including soliciting a process to bring in a new partner that is likely to take several months before a successful tenderer and its plan may be approved for execution. It is the Sponsor's view that EHT would be better served by immediate steps to stabilise and recapitalise it. In our opinion, the longer EHT delays in implementing the Sponsor's proposal, the more likely it is that this process will consume a larger proportion of the EHT's cash … [Read more...] about Urban Commons Issues Notice of Breaches to Eagle Hospitality Trust