Gold jewelry trading takes place at a Bao Tin Minh Chau Jewellery shop in Ha Noi. (Photo: VNA)
Commercial banks altogether shot up the US Dollar price on September 29 while tapering the gold price to under 34 million VND (1,512 USD) per tael.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank for Investment and Development of Vietnam (BIDV) posted their US dollar buying and selling prices at 22,450 VND – 22,510 VND, 5VND higher.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) added another 10 VND to each US dollar transaction with the exchange rate listed at 22,445 VND- 22,515 VND.
Meanwhile, the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) applied the dollar’s buying and selling rates of 22,420 VND – 22,520 VND, 20 VND higher than September 28.
The State Bank of Vietnam (SBV) recently decided to reduce the annum interest rate to zero percent for USD deposits by organisations and 0.25 percent for individuals. The SBV said the decision has no effect on the liquidity of foreign currency.
According to Vietinbank Director General Le Duc Tho, stellar liquidity has been seen within the Vietnamese commercial bank system in general and Vietinbank in particular. He said that thanks to the SBV’s adjustment of foreign exchange rates, foreign currency’s liquidity has been improved in the banking sector while foreign currency loans have been controlled safely.
On the same day, the gold price at the Saigon Jewellery Company (SJC) fell by 100,000 VND (4.48 USD) for one tael from the previous day with buying and selling prices pegged at 33.67- 33.89 million VND (1,497-1,507 USD).
Bao Tin Minh Chau Jewellery Company reduced 50,000 VND (2.24 USD) per tael of gold’s buying rate, dropping it to 33.79 million VND (1,502 USD) and selling for 33.85 million VND (1,505 USD), 70,000 VND (3.1 USD) higher over yesterday’s rates.
In the international markets, gold prices tended to fall dramatically over the US employment report expected to be announced this weekend, which could enhance the possibility the Federal Reserve will hike interest rates within the year.-VNA
There is an upward trend in bank deposit interest rates, and analysts have urged the Government to act to keep the rates low, warning there could otherwise be adverse consequences.
The dollar–dong exchange rates have eased at domestic commercial banks, following a decision by the United States Federal Reserve (Fed) to keep its interest rates steady.
The State Bank of Vietnam (SBV)’s latest move on lowering the USD deposit interest rates is expected to ease the pressure on the foreign currency market, finance-banking experts said.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Gold jewelry trading takes place at a Bao Tin Minh Chau Jewellery shop in Ha Noi. (Photo: VNA)
