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“VietABank Forges Strategic Alliance with E.SUN Bank (Taiwan)”
"Hanoi, May 22, 2025 - Vietnam Asia Commercial Joint Stock Bank (VietABank) and E.SUN Commercial Bank (E.SUN Bank) have formalized their strategic partnership and capital funding collaboration with a signing ceremony. This significant milestone underscores the strengthening relationship between these two prominent financial institutions."
“USD Exchange Rate Surge: Commercial Banks Witness Continued Rise on May 21st”
As of 8:30 a.m. on May 21st, Vietcombank and BIDV posted a USD exchange rate of 23.780-23,140 VND/USD (buy-sell), a rise of 20 VND from yesterday's rates across the board.
Illegal USD Transactions in Vietnam: Heavy Fines Await
The proposed fines aim to deter individuals from engaging in unauthorized currency transactions. The maximum penalty for buying or selling foreign currency between individuals or with unapproved institutions is a hefty sum, ranging from 80 to 100 million VND.
