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The State Capital Investment Corporation (SCIC, Vietnamese: Tổng công ty Đầu tư và Kinh doanh vốn nhà nước, lit. 'Corporation of Investment and Business using state capital') is a state-owned holding company considered a National Wealth Fund of Vietnam.
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]
Vietcombank's headquarters are located in Hanoi, Vietnam. As of 31 December 2020 [1] the bank had 116 branches and 474 transaction offices in Vietnam, 3 local subsidiaries, 3 overseas subsidiaries, 3 joint ventures, and an overseas representative office in Singapore.
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.
In 1806, Emperor Gia Long of the new Nguyễn dynasty imposed the "Sea Ban policy", which banned all Vietnamese overseas business and stopped Western merchants from entering Vietnam. [ dubious – discuss ] This policy led to stagnation of the Vietnamese economy in the early-19th century, and contributed to Vietnam becoming a French colony.
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
Phạm Nhật Vượng (born 5 August 1968) [3] is a Vietnamese property developer and Vietnam's first USD billionaire. [4] He is the founder and chairman of Vingroup, the largest conglomerate in Vietnam. As of November 2024, Vượng has a net worth of $4.2 billion according to Forbes. [5]
The Military Industry and Telecoms Group (Vietnamese: Tập đoàn Công nghiệp - Viễn thông Quân đội, lit. 'the Army Industry - Telecommunications Group'), [3] [4] trading as Viettel or Viettel Group (Tập đoàn Viettel), is a Vietnamese state-owned multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam.