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Friday, January 31, 2025

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Financial Markets

Vietnam dong advances against U.S. dollar

HCMC - The State Bank of Vietnam (SBV) today lowered the reference exchange rate between the Vietnamese dong and the U.S. dollar by VND29 from...

Jan-Apr loans grow in HCMC

HCMC - Credit in HCMC in the first four months of this year increased by 1.31% against December 2023 and 9.33% year-over-year. Nguyen Duc Lenh,...

Lawmakers call for action amid volatile gold market

HCMC – Vietnamese lawmakers have expressed concerns over the erratic behavior of the gold market, calling for stronger action. During the 33rd session of the...

Domestic gold prices edge down

HCMC - As trading began this morning (May 13), domestic gold prices fell by VND3.3 million per tael for buying and VND2.8 million for...

Real estate firms struggle with huge debt

HCMC – The real estate sector is currently grappling with a significant bond debt, totaling nearly VND350.9 trillion as of March 2024, according to...

SBV tightens foreign exchange oversight

HCMC – The State Bank of Vietnam (SBV) branch in HCMC has told commercial banks and foreign bank branches to enhance oversight on foreign...

Strong demand drives up local gold prices – report

HCMC - Vietnam's increasing demand for gold is impacting market dynamics, resulting in record-high quarterly prices, according to the World Gold Council's Gold Demand...

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