Sunday , May 19 2024

Recent Posts

Dollar declines at banks

Dollar declines at banks

The U.S. dollar rose slightly against the dong at banks Monday morning even though the central bank let its reference rate slide. Vietcombank sold the dollar at VND23,800 Monday, up 0.21% from Sunday. Eximbank sold the greenback at VND23,760, up 0.17%. The rate at Techcombank is VND23,810, up 0.17%. The …

Read More »

Unemployed workers swim with hungry loan sharks

Vietnamese workers who lose their jobs often find themselves penniless and unable to obtain bank loans. They’re easy prey for loan sharks. Tran Thanh Huy, a 40-year-old garment worker at the Tan Thuan Export Processing Zone in Ho Chi Minh City’s District 7, was furloughed when factory orders plummeted in …

Read More »