Tag: titanium mining

The USD/VND exchange rate has surged past 23,500 VND per USD, appreciating by 3.3% since the beginning of 2025. This surge comes despite a near 10% depreciation of the US Dollar index internationally. The rapid appreciation is forcing the State Bank of Vietnam to take more decisive action to stabilize the market, with the recent decision to sell foreign currencies on a term basis.

To commemorate the 80th anniversary of National Day on September 2nd, the State Bank of Vietnam, following the Prime Minister's directive, has instructed commercial banks to ensure sufficient cash withdrawals, especially for denominations of VND 100,000 and below, during the upcoming long holiday weekend.

The primary housing market in Ho Chi Minh City witnessed a remarkable surge in the second quarter of 2025, with prices reaching VND 82 million per square meter, marking a significant increase of nearly 30% from the previous year's figures. This upward trend is anticipated to persist due to several key factors: the scarcity of land in the city center, robust infrastructure investments, and rising input costs.