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In response to increasing pressure on the Vietnamese dong as a result of high inflation in the US, on October 17, 2022, the decision was made to increase the dong's trading band from 3 to 5 percent. As a result, from October 16 to October 24 the currency lost 2.98 percent of its value falling from 24,135 to 24,845 Vietnamese dong to the dollar ...
HANOI (Reuters) -Chinese online retailers Temu and Shein have suspended their operations in Vietnam as the companies work to register their e-commerce services with the Southeast Asian nation's ...
In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government.
It may also help that The Trump Organization has recently partnered with a Vietnamese company to develop a $1.5 billion golf course and hotel project in Vietnam, a Vietnam-based foreign investor said.
In 2009, following regions whose currency has been selected into calculation of VND Index are: United States, China, Japan, Europe, Singapore, Taiwan, and South Korea.Those seven regions are chosen, whose currencies selected into the index, based on the value of their export and import to Vietnam:
HANOI (Reuters) -Vietnam National Assembly Chairman Vuong Dinh Hue met Chinese President Xi Jinping in Beijing on Monday and proposed more cooperation between the South China Sea rivals on trade ...
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation.It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation.
NEW YORK (Reuters) -U.S. President Joe Biden holds talks with Vietnam's president To Lam on Wednesday, aiming to deepen relations with the Southeast Asian country and manufacturing hub and counter ...