Sunday , November 24 2024

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Dollar climbs to highest peak against Vietnamese dong

Dollar climbs to highest peak against Vietnamese dong

The U.S. dollar continued its recent rally, climbing to a fresh peak of over VND23,800 against the dong after some banks continued to raise its price Monday. The State Bank of Vietnam (SBV) set the reference rate for the Vietnamese dong at VND23,295 Monday morning, leaving the Vietnamese dong at …

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HAGL ‘has escaped death,’ says chairman

HAGL 'has escaped death,' says chairman

HAGL Group chairman Doan Nguyen Duc said his firm has “escaped death” and begun a new chapter after 10 years of operating in the agriculture sector. “Our results had hit rock bottom, but now they are on track to recover. We are confident of our targets,” Duc said last Saturday …

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Don’t let VND slide further, experts advise government

Don’t let VND slide further, experts advise government

Vietnam should not let the dong slide further as maintaining a stable currency exchange rate is key to controlling inflation, experts said at an economic forum Sunday. A stable currency is the final layer of defense against inflation, and if it breaks, inflation will flood in and create many difficulties, …

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