Bank credit growth likely to fall below target: securities firms

In respond to Vietnam's inclusion in a U.S. currency manipulation watchlist the SBV says the country seeks no unfair advantage over other countries.

The U.S. Treasury has added Vietnam to a currency manipulation watchlist, citing the country's trade surplus with the U.S as a factor.

Several PetroVietnam subsidiaries are struggling to maintain cash flow after being told not to withdraw their deposits with the ailing OceanBank.

Vietnam will auction over 600 tons of coins, whose minting has been stopped for years now because of their lack of popularity.

The Vietnamese dong continued to fall against the U.S. dollar, going beyond its lowest level ever recorded on April 24. 

The Vietnamese dong has fallen to its lowest level ever against the U.S. dollar, and banks are fixing their exchange rates accordingly.

With the government seeking to clamp down on cash loans given by finance companies, there are fears their bottom lines might be hit.

A HCMC appeals court has commuted the three-jail sentence handed to a former deputy head of the central bank to a suspended sentence.

Vietnamese banks have reported good third quarter results, and expect this to continue in the final quarter of the year. 

The dong has fallen against the U.S. dollar with the exchange rate hitting the lowest in years, but the central bank said the rate is “under control.”

The dong showed signs of stability on Wednesday, rising slightly against the dollar as the State Bank of Vietnam intervened to increase foreign currency supply.

The Vietnamese currency hit 22,965 to the dollar on Friday as the greenback rose in global markets.

Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017.