Bidv

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,245 VND per USD on February 25, up 2 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,940 VND/USD and the floor rate 22,545 VND/USD. The opening hour rates at most commercial banks saw sharp increases.   At 8:15 am, Vietcombank listed the buying rate at 23,180 VND/USD and the selling rate at 23,250 VND/USD, up 35 VND from February 24. BIDV added 40 VND to both rates, with the buying rate listed at 23,210 VND/USD and the selling rate at 23,350 VND/USD. Techcombank also raised both rates by 32 VND, listing the buying rate at 23,192 VND/USD and the selling rate at 23,352 VND/USD./. … [Read more...] about Reference exchange rate up 2 VND on February 25

Hanoi (VNA) – The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders. The sector will become more attractive to European investors than ever before as Vietnam has pledged to allow them to hold up to 49 percent of charter capital at two Vietnamese banks. The maximum rate of foreign ownership is now capped at only 30 percent. The offer will be applicable to only joint stock banks, excluding BIDV, Vietinbank, Vietcombank and Agribank, in five years. European credit institutions must comply with Vietnam’s regulations on procedures for mergers and acquisitions, as well as safe and competitive conditions, comprising limits on shareholding rate for individual and institutional investors on the basis of national treatment. Currently, … [Read more...] about Banking sector to cash in on benefits from EVFTA

In the other direction, ROS shares of real estate developer FLC Faros was again the biggest losing stock on HoSE, falling 4.8 percent. The stock has been on a nosedive, having hit its floor price in 12 out of the last 16 trading sessions, losing a total 56.6 percent in the period. … [Read more...] about VN-Index gains for fourth straight session

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,238 VND per USD on February 26, down 6 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,936 VND/USD and the floor rate 22,541 VND/USD. The opening hour rates at most commercial banks saw strong reductions. At 8:15 am, Vietcombank listed the buying rate at 23,155 VND/USD and the selling rate at 23,325 VND/USD, both down 25 VND from the same time on February 25. BIDV also cut 25 VND from both rates, with the buying rate listed at 23,185 VND/USD and the selling rate at 23,325 VND/USD. Similarly, Techcombank reduced both rates by 25 VND, listing the buying rate at 23,167 VND/USD and the selling rate at 23,327 VND/USD./. … [Read more...] about Reference exchange rate down 6 VND on February 26

Hoang Thi Linh's family live in a small house in Xuong Lam Commune, Lang Giang District. At their house, Linh's husband, Ngo Dinh Trinh, lies on the floor after having a seizure. "I know he had an accident in 2006 and often has seizures but we love each other and got married. When I was pregnant, I suddenly had many tumours all over my body. Doctors said I had nerve tumours. I haven't go to the hospital again because of poverty," Linh said. … [Read more...] about Family struggles against illnesses