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vietnam dong

Tra fish industry faces challenges in production and export

Tra fish industry faces challenges in production and export

The domestic tra fish industry has faced challenges regarding the purchasing price on the domestic market as well exports due to high tariffs on the product in the US market.
30m coffee factory opens in Dong Nai

$30m coffee factory opens in Dong Nai

A major coffee processing factory, expected to become the biggest of its kind in Viet Nam, was inaugurated on Saturday in the southern province of Dong Nai’s Nhon Trach 3 Industrial Zone
Dong/dollar exchange rate exceeds VND22,600

Dong/dollar exchange rate exceeds VND22,600

After the dong /dollar exchange rate rose by 50 đồng yesterday, many commercial banks this morning continued to make a sharp increase in the rate by 85 đồng to VND22,600 per US dollar.
Dong devaluation expected

Dong devaluation expected

The central bank is expected to devalue the Vietnamese dong against the US dollar by 2-3 per cent in the second half of this year to support exports, according to a Vietinbank report.
Center Power Tech expands in Dong Nai

Center Power Tech expands in Dong Nai

Center Power Tech Vietnam, a subsidiary of China''s Vision Group, inaugurated the third phase of its factory in Dong Nai Province''s Nhon Trach 2 Industrial Park on Monday.
Dong Nai exceeds FDI target

Dong Nai exceeds FDI target

Foreign direct investment (FDI) registered in southern Dong Nai Province has hit US$2.4 billion as of November 20, exceeding expectations and this year''s target of $1.5 billion.
Annual interest rate on dollar deposits cut to 0%

Annual interest rate on dollar deposits cut to 0%

Starting on December 18, the maximum interest rate paid to individuals depositing US dollars in local banks will be zero per cent per year, the central bank announced.
Dong stable after Fed rate hike

Dong stable after Fed rate hike

The domestic foreign exchange market yesterday remained relatively stable after the United States (US) Federal Reserve raised its benchmark interest rate by a quarter of a percentage point.
Economist allays forex concerns

Economist allays forex concerns

By deciding to devalue dong by 1 per cent on Thursday, the State Bank of Viet Nam (SBV) has not left any room for foreign exchange adjustment this year. Economist Dr Nguyen Dinh Anh talked with Viet Nam News Agency about possible...
Dollar rates fall in most commercial banks

Dollar rates fall in most commercial banks

The US dollar rates fell in the local commercial banks yesterday, two days after the State Bank of Viet Nam weakened the Vietnamese dong by 1 per cent.
Exchange rate adjustment should be more flexible

Exchange rate adjustment should be more flexible

While saying the dong-US dollar exchange rate should not be floated during the next two years, experts suggested that the rate should become more flexible, within allowed limits.
Lixil Vietnam inaugurates factory in Dong Nai

Lixil Vietnam inaugurates factory in Dong Nai

Lixil Global Manufacturing Vietnam, a company under Japan''s Lixil group, inaugurated its factory in the Long Duc industrial zone in the southern province of Dong Nai on January 8.
SBV cuts deposit interest rate

SBV cuts deposit interest rate

The interest rate for US dollar deposits would be reduced by 0.75 percentage point to 1.25 per cent per year as of tomorrow, according to a press release from the State Bank of Vietnam (SBV).