The State Bank of Việt Nam’s Operation Centre on Tuesday increased the sale price of the US dollar for commercial banks by VNĐ11 to VNĐ23,284.

The Việt Nam Bank for Social Policies (VBSP) raised VNĐ150 billion (US$6.5 million) at the latest auction of Government-guaranteed bonds on the Hà Nội Stock Exchange (HNX) held on Monday. 

The outlook looks bright for two-way trade between Việt Nam and the Czech Republic, as the two countries’ import-export turnover in the first five months of this year reached nearly US$464.5 million, up 15.6 per cent from the same period last year. 

HDBank, one of Việt Nam’s largest joint stock commercial banks, set up its first branch in Thái Nguyên Province on July 20, providing financial services such as loans, money transfers, and saving accounts, as well as highly-paid job opportunities for locals.

Cigarette smuggling has caused a loss of thousands of billions of Vietnamese đồng each year for the state, according to figures released by the Việt Nam Tobacco Association at a symposium held yesterday in Cần Thơ.

Việt Nam’s motorcycle market has been rapidly growing in recent years, bucking expectations that it would enter a saturation stage, as consumption shifts from semi-automatic motorbikes to scooters and from widely popular scooters to luxury vehicles.

The Government will have to decide either to devalue the Vietnamese đồng further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/đồng exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.

A large number of poor people and women in Việt Nam have not accessed mobile banking.

The benchmark VN-Index on Monday bounced back from a fall on Friday thanks to the increases of individual large-cap stocks.