Man fined VND90 million for selling US$100 note

Man fined VND90 million for selling US$100 note

The People’s Committee of Can Tho city on September 4 made a decision to impose a fine of VND90 million (US$3,857) on a man for selling US$100 note to a jewelry shop ineligible for buying foreign currency.

Illustrative Image (Source: VNA)

Rising trade deficit puts pressure on exchange rate

The VND/USD exchange rate in 2017 is predicted to suffer the greatest pressure from the demand of foreign currency due to the increasing trade deficit, according to the National Financial Supervisory Commission (NFSC).