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In response to increasing pressure on the Vietnamese dong as a result of high inflation in the US, on 17 October 2022, the decision was made to increase the dong's trading band from 3 to 5 percent. As a result, from 16 October to 24 October the currency lost 2.98 percent of its value falling from 24,135 to 24,845 Vietnamese dong to the dollar. [44]
This mechanism allows the dollar–dong exchange rate to adjust gradually to changing market conditions. [37] This was set at 3 percent either side of a fixed rate set each day by the SBV, however, it was increased to 5 percent in October of 2022. [91] As of December 27, 2024, a US dollar is worth 25,448 Vietnamese đồng.
VND Index also known as the Trade Weighted Vietnam Dong Index, is a measure of the value of the Vietnamese đồng (VND) relative to majority of Vietnam's most significant trading partners. Methodology
The shares of the stock of Vietcombank are traded on the Ho Chi Minh Stock Exchange, under the symbol: VCB. As of March 2021 [update] , The shareholding in the bank's stock was a follows: [ 1 ] Joint Stock Commercial Bank for Foreign Trade of Vietnam Stock Ownership
The cost of one Euro in Australian Dollar. Prior to 1983, Australia maintained a fixed exchange rate. The Australian pound was initially at par from 1910 with the British pound or A£1 = UK£1; from 1931 it was devalued to A£1 = 16s sterling. This reflected its historical ties as well as a view about the stability in value of the British pound.
It was listed on the Ho Chi Minh City Stock Exchange in July 2009. [ 8 ] Vietinbank had two major increases in its chartered capital in 2011 by issuing more shares to existing shareholders, thereby increasing chartered capital to 20.23 trillion VND by the end of the year (around $1 billion).
In 1971, 1000 đồng notes were introduced. Due to steady inflation, 5000 and 10000 đồng notes were printed in 1975 but not issued due to the fall of Saigon. Because counterfeit banknotes were a major issue at the time, all South Vietnamese banknotes were printed with a warning stating that counterfeiters were to be punished by penal labour .
In Haiphong, the typhoon caused two fatalities, [57] along with one soldier who died while assisting residents in recovery efforts, [31] [58] with economic losses exceeding 13 trillion VND. Of this, the agricultural sector accounted for nearly 4.9 trillion VND, or about 40% of the total damage. [59]