The State Bank of Vietnam set the daily reference exchange rate at 22,957 VND/USD on the morning of March 22, up by 4 VND from the day earlier.
The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese renminbi, experts said.
Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year.
Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
The State Bank of Vietnam set the daily reference exchange rate on January 14 at 22,837 VND/USD, up 2 VND from the last working day of the previous week (January 11).
VOV.VN - Forty members of adidas Runners Saigon (ARS) has recently attended the Ho Chi Minh City International Marathon Techcombank 2018. This is the first official debut of adidas’s international running community since its launch in November.
The State Bank of Vietnam (SBV) has allowed the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to apply minimum capital adequacy ratio requirements following Basel II standards one year earlier than the deadline initially set by the central bank.
The banking sector has been on the recovery path after a tough time struggling with bad debt (2012-2014), especially since 2016. This comeback has been assisted by foreign investors in local banks.
More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.
More than 8,200 foreign and Vietnamese runners are expected to participate in the 2018 Techcombank HCM City International Marathon to be held in HCM City on December 2.
GIC Pte, Singapore’s sovereign wealth fund, has made huge investments in large Vietnamese firms such as VinHomes, Vietjet, Techcombank and Masan.
SK Group is set to become the largest foreign shareholder in Vietnam's Masan Group by acquiring all its treasury shares.
Although Vietnamese bank stocks appear to have a bright future, foreign investors may find it difficult to join the parade due to a lack of progress on foreign ownership and corporate governance.
High-quality vaccines are available to people on low income with a zero percent interest rate on instalment payments.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) posted a record pre-tax profit of VND5.19 trillion (US$223.5 million) in the first half of the year – approximately double that of the same period in 2017.
Jetstar Pacific is now Vietnam’s first low-cost airline to apply QR code technology, allowing cardless payments for online ticket bookings.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will increase its charter capital to nearly VND34.97 trillion (US$1.53 billion).
An increasing number of consumers are buying fresh food online, according to the Hanoi Department of Industry and Trade.
Saigon -Hanoi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.
The prosperity of the stock market in 2017 and the first months of 2018 has helped banks increase accumulated capital.