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The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,703 VND/USD on October 25, up 3 VND from the previous day.

The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by 490 VND to 24,870 VND per USD - the highest rise in many years.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,637 VND/USD on October 18, up 51 VND from the previous day.

Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.

VNDirect Securities Corporation estimates that about 83.5 trillion VND (3.5 billion USD) will be added to the economy after some banks continue to adjust their credit growth limits for this year.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,497 VND/USD on October 13, up 17 VND from the previous day.

Upstream flooding and downpours on October 9 and 10 submerged most of Hoi An ancient town’s low-lying areas. Many foreign tourists, however, found it quite exciting to explore the ancient town from a different perspective.

Deposits at all banks, including the Saigon Commercial Bank (SCB), are guaranteed by the State in all cases, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong affirmed on October 10 when talking to the media regarding recent issues related to the SCB.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,422 VND/USD on October 7, up 5 VND from the previous day.

Moody's Investors Service has raised ratings of many Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.

The Vietnamese central bank’s move to lift short-term deposit rate caps is likely to raise the average cost of funds – both deposit and interbank rates – for Vietnamese commercial banks.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,423 VND/USD on October 4, up 11 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,412 VND/USD on October 3, up 12 VND from the last working day of previous week (September 30).

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,346 VND/USD on September 27, up 12 VND from the previous day.

As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.

Besides interest and exchange rates, non-performing loans (NPLs) are also a concern for banking activities in the remaining months of 2022, experts have warned.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,324 VND/USD on September 23, up 8 VND from the previous day.

Retail investors have been pulling money out of the stock market so far this year, but will return soon, according to analysts.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,301 VND/USD on September 20, up 6 VND from the previous day.

Lawmakers are gathering comments on a draft amending the Law on E-Transactions, and insiders comment that the draft needs revisions to be more practical.