A report from the Saigon Securities Incorporated (SSI) released in late June cited the General Statistics Office (GSO) as saying that credit growth has seen improvement since the second half of May. Similarly, TP Bank’s credit grew by nearly 11 percent in the first four months of the year, while the limit is just 11.5 percent for the whole year 2020. … [Read more...] about Liquidity abundant, banks given larger room for credit
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Blue chips help VN-Index go into the green
The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 223 stocks gain and 156 lose. Total transaction volume improved 10 percent over the previous session to reach VND4.47 trillion ($193.94 million), but was still much lower than last month’s daily average of VND6.67 trillion ($289.48 million). … [Read more...] about Blue chips help VN-Index go into the green
Reference exchange rate up 10 VND on July 15
Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,226 VND per USD on July 15, up 10 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,922 VND/USD and the floor rate, 22,529 VND/USD. The opening hour rates at commercial banks remained stable. At 8:25 am, Vietcombank listed the buying rate at 23,060 VND/USD and the selling rate at 23,270 VND/USD, both unchanged from July 14. BIDV also kept both rates unchanged at 23,090 VND/USD and 23,270 VND/USD. Meanwhile, Techcombank raised its both rates by 6 VND to 23,078 (buying) and 23,278 (selling)./. … [Read more...] about Reference exchange rate up 10 VND on July 15
