Vietnamplus

Remittances poured into Vietnam have increased continuously through years, contributing to raising foreign currency supply and stabilising the exchange rate.

The Government has issued a decree specifying regulations on administrative fines for violations in the monetary and banking sectors.

The daily reference exchange rate was set at 23,100 VND per USD on August 5, the highest level so far, up 10 VND from the last working of previous week (August 2).

Thailand and Japan have signed a memorandum of understanding on cooperation to promote the use of their local currencies in order to settle bilateral trade and investment.

The People’s Procuracy of Hanoi has indicted five Colombian nationals accused of “property theft” in accordance with article 138 of the Penal Code.

To aid Thai investors doing business abroad, Kasikorn Bank has become the first bank in Thailand to accommodate transactions in all the currencies of the ASEAN+3 grouping.

Currency exchange shops are busier than ever as the Tet (Lunar New Year) nears. With such demand, the likelihood of overcharging customers increases.