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Free-market USD tumbles as gap with official rates shrinks

Free-market USD tumbles as gap with official rates shrinks

The US dollar plunged on the free market while holding firm in banks, signalling easing speculation pressure and a narrowing gap between official and unofficial rates.
Việt Nam has eight billionaires in Forbes list, three new faces

Việt Nam has eight billionaires in Forbes’ list, three new faces

Forbes’ statistics showed that total wealth of the Vietnamese billionaires reached about $39.8 billion, up $25.1 billion from a year earlier.
Tết spending pushes Việt Nams February CPI up 1.14 per cent

Tết spending pushes Việt Nam’s February CPI up 1.14 per cent

Việt Nam’s CPI rises 1.14 per cent in February as Tết demand drives up food and travel costs.
Việt Nam has three more US dollar billionaires: Forbes

Việt Nam has three more US dollar billionaires: Forbes

The new entrants are Phạm Thu Hương and Phạm Thúy Hằng, both vice chairwomen of conglomerate Vingroup, and Ngô Chí Dũng, chairman of Vietnam Prosperity Joint Stock Commercial Bank (VPBank).
Việt Nams richest tycoons climb global wealth rankings as stocks rally

Việt Nam’s richest tycoons climb global wealth rankings as stocks rally

Vượng now holds an estimated $24.7 billion, ranking 92nd globally and becoming the second-richest person in Southeast Asia.
Việt Nam has six billionaires in Forbes latest global rich list

Việt Nam has six billionaires in Forbes’ latest global rich list

Việt Nam has six billionaires after chairman of Masan Group Nguyễn Đăng Quang rejoining the Forbes’ latest list of the world’s richest individuals.
Five Vietnamese billionaires make the Forbes 2025 list

Five Vietnamese billionaires make the Forbes 2025 list

Phạm Nhật Vượng remains the nation’s wealthiest individual, with assets valued at $4.1 billion as of January 23, securing the 839th position globally.
Many banks gain big profits from foreign exchange trading

Many banks gain big profits from foreign exchange trading

Some banks even recorded strong three-digit growth or switched from loss to a large profit due to Forex.
Việt Nam doesnt manipulate currency: US Treasury

Việt Nam doesn’t manipulate currency: US Treasury

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

Businesses concerned about dollar appreciation

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

Banks set sight on joining billion-dollar profit club

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

Some banks forecast to improve NIM

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

Dollar devalues against đồng, dropping below VNĐ24,000 threshold

The dollar price listed at commercial banks has continuously gone down in recent days.
Manulife retains top MDRT ranking in Viet Nam

Manulife retains top MDRT ranking in Viet Nam

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

Govt plans to issue bonds in foreign currency

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.