As the dollar price has decreased in the international market, the official exchange rate announced by the State Bank of Vietnam (SBV) and dollar market price have also decreased slightly. Dollar price down The official exchange increased in the last week of April, reaching VND23,272 per dollar in the last trading session of the week, […]
Read MoreSome 13.4 million non-formal workers have been approved for the monthly 5,000-baht cash handout from the government, with the screening process expected to be completed on May 17. Of the total, 4.4 million recipients met the criteria on application, 5.3 million were required to provide additional information to the Finance Ministry and the remainder are […]
Read MoreMoody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade. The finance companies are VPBank Finance Company Limited (FE Credit), Home Credit Vietnam Finance Company Limited (HCV), and SHBANK Finance Company Limited (SHB Finance). The banks are Vietnam Prosperity Joint Stock Commercial […]
Read MoreThe State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. The remarks were made after the official operation of long-awaited SME Bank is scheduled within this year, in a move to reply to the financial need of SMEs. Speaking at a press […]
Read MoreForeign exchange (forex) reserves surged to US$127.9 billion in April on the back of the government’s issuance of US dollar-denominated bonds in the same month, Bank Indonesia announced Friday. The current reserves level, an increase from $121 billion in March, is estimated to be sufficient to support 7.5 months of imports and to bear the payment […]
Read MoreKUALA LUMPUR, May 8 — Companies may resume business operations from May 4, 2020 without an approval letter from the Ministry of International Trade and Industry (Miti) and Covid-19 screening of workers is not mandatory, says the ministry. In a statement in relation to frequently asked questions about the conditional movement control order here today, […]
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