Dollar weakens against dong in Vietnam
The US dollar saw a slight depreciation against the Vietnamese dong on Friday morning, with major banks like Vietcombank selling it at a lower rate. The State Bank of Vietnam also adjusted its reference rate downwards, mirroring a global trend of dollar weakness.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Vietnam's ST25 Rice Secures Second Place in Global Competition
Vietnam's ST25 rice was awarded second place at the World's Best Rice competition held in the Philippines. The variety, which has won first prize three times previously, once again received high marks for its quality on the international stage.
- Ho Chi Minh City Introduces Performance-Based Additional Income System for Public Employees
Ho Chi Minh City has introduced a new regulation for evaluating and ranking public employees and workers to determine their additional income. The highest earners will receive 100% of the designated amount based on quarterly performance. This aims to enhance motivation and efficiency within the public sector.
- R&I Upgrades Viet Nam's Foreign-Currency Issuer Rating to BBB-
Rating and Investment Information, Inc. (R&I) has upgraded Viet Nam's long-term foreign-currency issuer rating to BBB-. This reflects optimism regarding the country's robust economic growth, progress in structural reforms, and stable fiscal and external balances.
- Vietnam's Fuel Prices Surge for Sixth Consecutive Session: Is the Subsidy Lifeline Thinning?
Vietnam has seen fuel prices rise for six consecutive sessions since early September, driven by global market pressures. While tax incentives continue, concerns are mounting over the dwindling capacity of the fuel price stabilization fund to curb further increases by year-end.