Many banks gain big profits from foreign exchange trading

Friday, Aug 02, 2024

Some banks even recorded strong three-digit growth or switched from loss to a large profit due to Forex.

Việt Nam doesn’t manipulate currency: US Treasury

Monday, Jun 24, 2024

Việt Nam did not manipulate the rate of exchange between the Vietnamese đồng and the US dollar for purposes of preventing effective balance of payments adjustments, or gaining unfair competitive advantage in international trade in the four quarters through December...

Businesses concerned about dollar appreciation

Tuesday, Apr 09, 2024

Enterprises which have to import raw materials for production or have dollar-denominated loans are very worried as their input costs will increase significantly.

Banks set sight on joining billion-dollar profit club

Thursday, Mar 21, 2024

Several major banks have cautiously set profit target while others aim to nearly double their growth pending approval at annual shareholder meetings.

Some banks forecast to improve NIM

Friday, Dec 15, 2023

In a recent report on the banking industry, VNDirect Securities Company said the average NIM ratio of 25 listed banks in the third quarter of 2023 was 3.32 per cent, a decrease of 0.47 per cent over the same period...

Dollar devalues against đồng, dropping below VNĐ24,000 threshold

Wednesday, Nov 22, 2023

The dollar price listed at commercial banks has continuously gone down in recent days.

Manulife retains top MDRT ranking in Viet Nam

Thursday, Aug 04, 2022

Manulife Vietnam has once again taken the top honour in the 2022 Million Dollar Round Table (MDRT) rankings for Viet Nam.

Govt plans to issue bonds in foreign currency

Monday, Nov 29, 2021

The Government plans to issue US dollar-denominated bonds in the domestic market to fund additional stimulus packages to foster the recovery of the economy.

Vietnamese currency forecast to strengthen against US dollar in 2021

Monday, Oct 11, 2021

Fitch Solutions have revised its 2021 average forecast for the Vietnamese dong to VND22,900 per US dollar from VND23,000 per US dollar previously and VND22,800 per US dollar from VND23,200 per US dollar in 2022 as the central bank tolerates...

Manulife Vietnam named top MDRT company in Viet Nam

Friday, Jul 30, 2021

Manulife Vietnam has taken top honours in the 2021 Million Dollar Round Table rankings for Viet Nam.

Firms with greenback loans see more positive outlook in Q2 2020

Thursday, Jun 18, 2020

Firms with US dollar-denominated debts estimate to regain significantly in the Q2 as the US dollar has devalued against the Vietnamese dong in the period after reporting a surge in the first quarter.

Billionaire Johnathan Hanh Nguyen wants to invest in Bac Van Phong

Wednesday, Jun 10, 2020

Diversified conglomerate Imex Pan Pacific Group (IPP) of dollar billionaire Johnathan Hanh Nguyen wants to invest in Bac Van Phong, pledging to attract US$40 billion investment to turn the region into a modern economic zone.

Vietnamese currency more stable than other regional peers

Thursday, Mar 26, 2020

Though the unofficial value of the Vietnamese dong is now down about 3 per cent against the US dollar, the rate is still a smaller depreciation than that seen by most of Viet Nam’s regional peers and expected to stabilise...

US dollar demands keep stable in local market

Tuesday, Mar 24, 2020

The US dollar listed at commercial banks has so far this year gained 1.67 per cent against the Vietnamese đồng due to a rise in the global market, but supply and demand for the greenback in the domestic market has remained stable.

Vietnamese dollar billionaires’ assets drop, says Forbes

Friday, Mar 13, 2020

The total asset value of Vietnamese dollar billionaires have ped according to statistics from Forbes.