Tuesday , November 26 2024

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Vietnamese currency hits 2-year low against dollar

Vietnamese currency hits 2-year low against dollar

Vietnamese banks on Monday traded the dong against the U.S. dollar at the lowest rate in two years as the greenback strengthens globally amid economic uncertainty. The Vietnamese dong declined by 0.3 percent from last weekend to VND23,510 per U.S. dollar at state-owned Vietcombank. It fell by 0.34 percent at …

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VN-Index drops with sliding trade

VN-Index drops with sliding trade

Vietnam’s benchmark VN-Index dropped 0.28 percent to 1,195.53 points Monday, with a double-digit decline in trade. The index closed 3 points lower after gaining one point on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 12 percent to VND10.09 trillion ($432 million). The VN-30 basket, comprising …

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Vietnam-China border trade slumps on Covid restrictions

Vietnam-China border trade slumps on Covid restrictions

Vietnam’s overland trade with China fell sharply in the first four months of this year as that country tightened Covid-19 safety measures and borders became congested. Vietnamese firms shipped just US$509-million worth of goods to China through the border, a 87 percent dive year-on-year, according to customs data. Imports from …

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