The relations between Vietnam and Myanmar have seen remarkable strides since they signed a joint statement upgrading ties to a comprehensive cooperative partnership in 2017, according to Vietnamese Ambassador to Myanmar Luan Thuy Duong.
The daily reference exchange rate for August 16 was adjusted up 6 VND from the previous day to 22,691 VND/USD.
Moody’s Investors Service has taken rating actions on 14 Vietnamese commercial banks in its latest report issued on August 14.
The daily reference exchange rate for August 15 was adjusted down 1 VND from the previous day to 22,685 VND/USD.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
The Government plans not to license any more wholly foreign-owned banks in Vietnam but encourages foreign banks to buy weak domestic banks, said Deputy Prime Minister Vuong Dinh Hue.
The daily reference exchange rate for August 14 was kept unchanged from the previous day at 22,686 VND/USD.
The State Bank of Vietnam adjusted the daily reference exchange rate up on the first day of the week (August 13), setting the rate at 22,686 VND/USD, an increase of 10 VND from the rate on the last day of previous week (August 10).
The State Bank adjusted the daily reference exchange rate for August 10 up 10 VND from the previous day to 22,676 VND/USD.
Vietnamese shares fell on August 9 as strong selling pressure weighed down large-cap stocks and listed firms suffered from negative news of the macro-economy.
The State Bank of Vietnam continued to adjust the daily reference exchange rate down on August 9, setting the rate at 22,666 VND/USD, a reduction of 5 VND from the rate on August 8.
The daily reference exchange rate on August 8 was adjusted down 5 VND to 22,671 VND per USD.
The daily reference exchange rate on August 7 remained the same as on the previous day at 22,676 VND/USD.
Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), has been given a 20-year prison term for “deliberately violating State regulations on economic management, causing severe consequences” at the bank.
Digital banking will be the future of the Vietnamese banking system, especially amid the development of the fourth industrial revolution, according to experts.
The State Bank of Vietnam kept the daily reference exchange rate on August 6 unchanged from the last day of the previous week (August 3) at 22,676 VND/USD.
The 1,000 biggest tax payers in Vietnam in 2017 contributed more than 110 trillion VND (4.72 billion USD) to the State budget, accounting for 63 percent of total tax contributions.
The State Bank adjusted the daily reference exchange rate for August 3 up 10 VND from the previous day to 22,676 VND/USD.
