State Bank of Vietnam

Its central bank will ensure the government can meet a goal of 10% growth in 2026 without overheating the economy

The trade levies are putting upward pressure on inflation and adding pressure on the currency

This follows the central bank’s move to sell US dollars via cancellable forward contracts

The Vietnamese dong has been under pressure in recent weeks, dropping to a record low in June

The tycoon’s death penalty for embezzlement is still upheld from a separate appeal trial last year

Foreign investors cannot hold more than 30% of shares in banks that have government ownership of above 50%

VIETNAM’S central bank is ready to sell US dollars to the market to keep the exchange rate stable, governor Nguyen Thi Hong said on Monday (Nov 11).

VIETNAM set its reference rate for the dong at a record low, setting the stage for more weakness in the South-east Asian nation’s currency as the US dollar’s surge pummels emerging markets.

VIETNAM is planning to inject 20.695 trillion (S$1.1 billion) of capital into state-owned commercial lender Vietcombank, the country’s biggest bank, to boost its capacity to support government policy,...