Saturday , November 23 2024

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Dollar gains on black market, drops at banks

Dollar gains on black market, drops at banks

The U.S. dollar continues to gain over the Vietnamese dong at unofficial exchange points Wednesday even though commercial banks have lowered its value. It rose 0.24% from Tuesday to VND25,280 on the black market. Vietcombank, however, let the dollar slide 0.02% from its historic peak to VND24,882. ACB lowered the …

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Rising dollar makes life difficult for businesses

Rising dollar makes life difficult for businesses

The surge in the value of the U.S. dollar has become a big burden for Vietnamese businesses, especially those that rely on imports. Bubble tea chain Gong Cha has been paying millions of dollars more for imports since the beginning of this year with the dong losing 8.6% so far. …

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