The Price of Gold Surges: A Global and Domestic Rise
As of this afternoon's trading session (June 30th), gold ring and SJC gold prices witnessed a significant surge, averaging a remarkable 300,000 VND per tael. In tandem with this domestic uptick, the global market experienced a similar trend, with spot gold prices climbing by 26 USD since the morning session.
“Sacombank Kicks Off a Vibrant Summer with a Plethora of Exciting Promotions”
Get ready for a vibrant summer as Sacombank energizes your financial journey with an exciting promotional campaign, "Vibrant Green Summer - Endless Luxurious Gifts." From now until the end of September 2025, we're offering a range of promotions to keep your finances thriving and your spirits high.
“Eximbank Appoints New Senior Leadership”
As per the recent announcement by Eximbank, Mr. Nguyen Hoang Hai will step down from his role as Acting CEO effective July 1, 2025. On the same day, the Eximbank Board of Directors appointed Mr. Tran Tan Loc, the bank's Vice President, as the new Acting CEO.
“Unraveling the Mystery of Bank Cards: Which Ones Will Be Affected by the July...
As of July 1st, all ATM cards utilizing magnetic stripe technology will no longer be accepted for transactions across the entire banking network. This is in accordance with Circular 18 issued by the State Bank, pertaining to the operations of bank cards.
The Fed Injects a Record Amount of Cash into the Banking System
The State Bank encourages banks to engage in interbank lending to meet the surging liquidity demands of the system at the end of the quarter.
Empower Banks to Offer Cash Flow-Based Loans, Not Just Collateral-Dependent Lending
"On June 27th, the Government Portal organized a seminar titled "Enhancing the Role of Commercial Banks in Implementing Resolution 68".
Gold Prices Could Plunge Further Next Week
According to experts, gold prices could continue to plunge in the coming week, with global rates experiencing a more significant drop compared to the slight decline in domestic gold prices.
Is All This Money Being Spent in the Right Places?
"Vietnam requires a more flexible and efficient mechanism to direct funds to where they are needed most. The first step is to untangle the bottleneck of public investment disbursement, followed by redirecting credit flows. Instead of fueling speculative channels, the focus should be on prioritizing manufacturing, green technology, and social housing."
The Fed Pumps a Net $93,000 Billion into the Open Market
In the final week of June (23-30 June), the State Bank of Vietnam (SBV) made notable moves in the open market. After a hiatus of over three months, the issuance of treasury bills resumed amidst signs of rising exchange rates. Concurrently, the SBV ramped up its term-buying activities, hitting a record volume to bolster liquidity for the banking system. This move reflected the heightened seasonal demand for capital towards the end of the quarter.
“OCB Receives Approval from the State Bank of Vietnam to Increase Charter Capital to...
On June 25th, the State Bank of Vietnam (SBV) approved Orient Commercial Joint Stock Bank's (HOSE: OCB) request to increase its charter capital by up to VND 1,973 billion, resulting in a new charter capital of VND 26,631 billion.
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Tons of Frozen Meat Floods Vietnam: A 100% Surge in Imports with a Price...
The Vietnamese market has witnessed a significant surge in frozen pork imports during the first five months of the year compared to the same period last year.
The Perfect Summer Fruit: When Livestreaming Saved the Day for Plum Farmers
The luscious and delectable specialty lychee has captivated the hearts and taste buds of discerning fruit enthusiasts. Over 55 tons of this exquisite fruit were swiftly snapped up by discerning individual customers via livestream over a mere two-day period, amidst a bountiful harvest that threatened to overwhelm the market.
A New Contender for Vietnamese Durian in the Chinese Market
"A groundbreaking deal has just been struck for this country's beloved durian fruit. An agreement has been reached to export frozen durian to China, marking a significant step forward for the industry and a potential game-changer for local farmers."
