Rajiv MenonFinance
Vietnamese Dong Strengthens as Dollar Drops to VND26,330 at Vietcombank
Unofficial currency traders pushed the greenback up 0.19 percent to VND25,970 even as official commercial bank rates edged down.
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Vietcombank
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Sarah ChenFinance
US Dollar Dips to Five-Week Low: Anticipations Rise for Potential Federal Reserve Rate Cut
On Friday morning, the strength of the U.S. dollar saw a slight decrease against the Vietnamese dong, trading near a five-week low against major currencies. The Vietnamese-based commercial bank, Vietcombank, traded the U.S. dollar at a rate of VND26,408, a…
Sarah ChenFinance
Dollar Takes a Tumble Against the Dong: What Retailers Need to Know
In a fluctuating market, the U.S. dollar is showing signs of weakness against the Vietnamese dong and other major currencies this Monday morning. Vietcombank reported a slight decrease in the dollar selling rate to VND26,451, down by 0.008% since the weekend.…
Sarah ChenFinance
Dollar Declines as Vietnamese Dong Strengthens in Currency Market Shuffle
The U.S. dollar weakened against the Vietnamese dong Friday morning, paving the way for a weekly loss against several major currencies. At Vietcombank, the dollar was sold at VND26,310, representing a slight decline of 0.04% from the previous day. Meanwhile,…
Aiko TanakaFinance
Dollar Surges to New Peak Against Dong: What It Means for Retail and Consumers
On Wednesday morning, the U.S. dollar surged to an all-time high against the Vietnamese dong, intensifying its ascent while remaining at a three-and-a-half-year low against other major currencies. The Vietcombank sold the greenback at VND26,323, reflecting a…
Sarah ChenFinance
Dollar Gains Ground Against Dong in Latest Currency Exchange Update
The U.S. dollar experienced a slight uptick against the Vietnamese dong on Thursday morning, but faced declines when matched against various major currencies. Vietcombank Adjusts Rates In an intriguing shift, Vietcombank increased its dollar exchange rate by…
Rajiv MenonFinance
Dollar Stays Strong Against Dong as Markets React to Economic Trends
The U.S. dollar held steady against the Vietnamese dong on Wednesday, even as it experienced a slight decline against several major world currencies. At Vietcombank, the dollar remained unchanged at VND26,140, while the black market valued it at VND26,500.…
Maria SantosFinance
Vietcombank Remittance named best remittance company in Vietnam
Vietcombank Remittance was honored as “Remittance Company of the Year – Vietnam” for the third consecutive time by Asian Banking & Finance on Dec. 24. This achievement affirms the quality of services and the growth of Vietcombank Remittance, recognizing the…
Wei ZhangFinance
Vietcombank enables online registration for gold purchases
State-owned Vietcombank has introduced an online registration system for gold bar purchases starting Wednesday. Customers can register to buy gold from 9 a.m. daily and collect their orders in the afternoon. Vietcombank said that it promises to keep all…
Wei ZhangFinance
Vietcombank continues to achieve record profits
State-owned lender Vietcombank reported record pre-tax profits of VND41.2 trillion (US$1.68 billion) for 2023. Its previous highest was VND37.4 trillion a year earlier. It made the bank the most profitable in the industry by a margin of tens of trillions of…
Maria SantosFinance
Dollar drops at banks
On Monday morning, the U.S. dollar dropped at banks but remained unchanged at unofficial exchange points. Vietcombank sold the dollar at VND23,740 Monday, down 0.02% from Sunday. Eximbank and Techcombank sold the greenback 0.04% lower at VND23,720, and…
Minjun ParkFinance
Vietcombank names new general director
Vietcombank, Vietnam’s largest state-owned lender, named its current deputy general director Nguyen Thanh Tung as its new general director on Monday. Tung, 49, was the same day elected a member of Vietcombank’s board of management for the 2018-2023 term. He…
Rajiv MenonFinance
Dollar moves up at most banks
On Monday, the U.S. dollar went up against the Vietnamese dong at most banks and the black market. Vietcombank sold the dollar at VND23,800, up 0.34% from Saturday. Eximbank sold the greenback at VND23,770, up 0.30%. The rate at Techcombank is VND23,800, up…
Rajiv MenonFinance
Dollar plunges at banks
The U.S. dollar plunges at commercial banks Wednesday morning, with Vietinbank selling it at VND24,785, down 0.26% from Tuesday. It dropped 0.20% to VND24,800 at Vietcombank, and 0.28% to VND24,770 at Eximbank. The State Bank of Vietnam set the reference rate…
Wei ZhangFinance
Dollar drops against dong
On Thursday, the U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points. Vietcombank sold the greenback 0.004% lower at VND24,854. TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852,…
Wei ZhangFinance
Dollar rises to all-time high against Vietnamese dong
The U.S. dollar continued to strengthen and reached its historic high against Vietnamese currency Saturday. The State Bank of Vietnam (SBV) on Saturday morning set the reference rate for the Vietnamese dong at VND23,283, the same as Friday and VND50 higher…