Want to be in the loop?
subscribe to
our notification
Business News
REFERENCE EXCHANGE RATE TURNS AROUND TO DROP ON NOVEMBER 14
The daily reference exchange rate was adjusted down 2 VND to 22,725 VND per USD on November 14 after two consecutive days rising since November 12.
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,406 VND/USD and the floor rate 22,044 VND/USD.
The opening hour rates at commercial banks saw fluctuations in different directions.
Vietcombank raised both rates by 5 VND, listing the buying rate at 23,260 VND/USD and the selling rate at 23,350 VND/USD.
At BIDV, the buying rate went up by 5 VND to 23,260 VND/USD but the selling rate fell 15 VND to 23,350 VND/USD.
Both the rates at Techcombank were adjusted up 5 VND to 23,240 VND/USD (buying) and 23,350 VND/USD (selling).
Source: VIR
Related News
VIETNAM’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.