Banks gain big profits from forex trading Business

Banks gain big profits from forex trading

Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar, Q3 2022 financial statements showed.
Reference exchange rate down 1 VND Business

Reference exchange rate down 1 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,671 VND/USD on November 24, down 1 VND from the previous day.
Banks face challenges in improving credit quality Business

Banks face challenges in improving credit quality

Though banks gained profits of trillions of Vietnamese dong in Q3 2022, credit quality has remained a concern of the banking industry, especially when Circular No. 14/2021/TT-NHNN on loan rescheduling for COVID-19 affected borrowers expired at the end of June this year.
Credit surges 11.5% by end-October Business

Credit surges 11.5% by end-October

Credit of the banking system by the end of October this year rose by 11.5% compared to the end of 2021, Bao Viet Securities Company (BVSC) said, citing data from the State Bank of Vietnam (SBV).
Reference exchange rate down 2 VND Business

Reference exchange rate down 2 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,686 VND/USD on November 10, down 2 VND from the previous day.
Reference exchange rate up 6 VND  Business

Reference exchange rate up 6 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,693 VND/USD on November 4, up 6 VND from the previous day.
Reference exchange rate up 2 VND Business

Reference exchange rate up 2 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,697 VND/USD on November 1, up 2 VND from the previous day.
Reference exchange rate up 2 VND Business

Reference exchange rate up 2 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,695 VND/USD on October 31, up 2 VND from the last working day of previous week (October 28).