4 Factors Putting Pressure on USD/VND Exchange Rate in Q1/2024
With the currency exchange rate fluctuating in the first few weeks of 2024, Mr. Ngo Dang Khoa, Director of Foreign Exchange, Capital Markets and Securities Services at HSBC Vietnam, highlights four factors putting pressure on the USD/VND exchange rate in Q1/2024...
New currency exchange service: Rare small denominations
The demand for exchanging small denominations of money increases during the Lunar New Year, but the availability of small bills is limited. The familiar "money exchange kiosks" are also gradually disappearing from this service.
Gold prices surge as Lunar New Year approaches
On the morning of February 1st, the domestic gold price continued to surge with an increase of 500,000 VND/tael, approaching the 78 million VND/tael mark. As Tet holiday approaches, the price of gold tends to rise sharply.
Deputy Head of Internal Audit Department of SBV appointed Deputy CEO of Agribank
After the new appointments, Agribank's Executive Board now consists of 9 members, with Mr. Pham Toan Vuong as the CEO.
Banking: Huge Profits Yet Worried
Several banks have announced their 2023 financial results, showing outstanding growth. However, they are also facing increased pressure in setting aside provisions for credit risk.
Where does Vietcombank’s profit over 41,000 trillion VND in 2023 come from?
With these achievements, Vietcombank once again sets a new record for profitability in the banking industry.
Which bank offers the highest interest rate for online savings in early February 2024?
Beginning February 1st, 2024, several banks have been adjusting their interest rates downwards for savings accounts ranging from 1 to 24 months. Based on a survey conducted across 16 banks, the highest annual interest rate for online savings deposits at a 6-month term is 5%, while for a 12-month term, it is 5.35%.
Researching a Dedicated Credit Package for the Collective Economic Area
On February 2, Prime Minister Pham Minh Chinh presided over the 2024 Economic Cooperation Forum, focusing on "Enhancing State support policies in accordance with Resolution 20-NQ/TW - Driving force for the development of collective economy and cooperatives in the new phase."
Latest Interest Rates at Agribank in February 2023: Highest Rate for 24-month Term
Interest rates for deposits at Agribank have further decreased in early February 2024 compared to January. Specifically, individual customers' deposits are subjected to interest rates ranging from 1.7% to 4.9% per annum, while business customers' deposits are subjected to interest rates ranging from 1.7% to 4.2% per annum.
Woman’s bank account hacked, police contacted immediately, suspicious details emerge
"Access a mysterious link to synchronize personal data, a woman from Hanoi receives a message from the police with a commitment to reimburse the entire amount that was stolen."
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Record-Breaking Shareholder Numbers for Hoa Phat: The Company Needs 5 My Dinh Stadiums to...
Chairman of the Board of Directors, Tran Dinh Long, revealed that Hoa Phat currently has over 194,000 shareholders, the highest number on the stock exchange and a record for the company. This impressive figure showcases the strong support and confidence that investors have in Hoa Phat's business and its future prospects. With a diverse range of shareholders, the company is well-positioned to continue its growth trajectory and solidify its position as a leading enterprise in the industry.
The Ultimate Guide to Agribank’s Asset Liquidation: Keo Forest, College Campus, and a Restaurant...
Agribank, Vietnam's leading agricultural bank, is offering a diverse range of assets for sale as part of its bad debt recovery efforts, totaling over a hundred billion VND. Among the notable items up for grabs are a vast forest resource, a college campus, and a luxurious "5-star cruise ship" sailing on the Saigon River.
The Post-Tariff Shock: Four Investment Themes for 2025
In the face of a volatile macro-economic landscape, plagued by global trade wars, the focus shifts to harnessing indigenous sectors to compensate for the shortfall in export surpluses.
