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The U.S. dollar plunged against the Vietnamese dong on the black market Thursday morning. Unofficial exchange points sold the greenback at VND23,570, down 0.46% from Wednesday. Most banks, however, kept the dollar unchanged. Vietcombank maintained the dollar at VND23,690. Eximbank sold the greenback at VND23,740, and Techcombank VND23,690. The State …

SJC gold price gained 0.37% to VND67.4 million ($2,866.56) per tael Thursday morning. Gold ring price rose 0.63% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices edged higher on Thursday after the U.S. Federal Reserve raised interest rates by an expected 25 …

Ratings agency Moody’s Investors Service has downgraded the long-term deposit and issuer ratings of private lender Techcombank because of its high exposure to the struggling property sector. Its currency deposit and issuer ratings were lowered from Ba2 to Ba3, the same level as several other banks in Vietnam. Its outlook …