Gold devalues by nearly VND1 million per tael after God of Wealth Day

Gold devalues by nearly VND1 million per tael after God of Wealth Day

While the global gold price climbed, the price of gold in Vietnam on February 22 retreated by VND200,000 per tael (1.2 ounces) compared to the previous day, the day of the God of Wealth. Early in the morning, gold trading businesses simultaneously lowered their prices by VND300,000-VND350,000 per tael. However, after that bullion prices slightly increased again.
VN-Index surges nearly 12 points

VN-Index surges nearly 12 points

The VN-Index recouped nearly 12 points in the trading session on December 16, thanks to strong buyer demand.
Deposit interest rates continue to drop

Deposit interest rates continue to drop

Although deposit interest rates are currently at low levels, since the beginning of December this year, State-owned commercial banks have continued to cut interest rates by 0.1-0.2 percentage point further for many terms compared to before.
Customers do transactions at Vietcombank. (Photo: SGGP)

Banking industry sees slow credit growth

By June 16, the credit growth of the banking industry merely reached 2.13 percent compared to the beginning of this year. Thus, in the first nearly six months of this year, credit growth was only half of that in the same period last year due to the serious impacts of the Covid-19 pandemic.
Banking industry shows good performance

Banking industry shows good performance

Recently released financial statements of the third quarter of this year of commercial banks showed that banking industry has continued to flourish with extremely positive profit growth, in which a large part was contributed by revenue from services. 
US dollar exchange rate hits new record

US dollar exchange rate hits new record

The State Bank of Vietnam on September 3 listed the reference exchange rate at VND23,139 per dollar, an increase of VND6 per dollar over the last weekend, the highest level since the beginning of this year.
Japanese bank holds 15 percent stake in Vietcombank

Japanese bank holds 15 percent stake in Vietcombank

The State Bank of Vietnam’s Governor has recently allowed Japanese bank Mizuho to buy more shares of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to maintain its ownership ratio of 15 percent via private placement.
A Vietcombank branch in HCMC

Vietcombank to sell 10 percent shares to foreign investors

State Securities Commission of Vietnam said that it has received documents from Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to sell 10 percent shares of the bank to foreign investors.
Saigontourist Golf Tournament organizers plan to offer 500 scholarships

Saigontourist Golf Tournament organizers plan to offer 500 scholarships

On the occasion of Saigontourist Holding Company’s 43rd anniversary, organizers of Saigontourist Golf Tournament 2018 kicked of the event with expectation to collect VND600 million($25,848) to the Ho Chi Minh City Sponsoring Association for Poor Patients.