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The Vietnam International Commercial Joint Stock Bank (Vietnamese: Ngân hàng TMCP Quốc tế Việt Nam), abbreviated as "VIB", [1] [2] is a commercial bank in Vietnam. [3] [4] It was established in 1996 and is headquartered in Ho Chi Minh City.
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]
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:
Elon Musk's SpaceX plans to invest $1.5 billion in Vietnam in the near future, the government of the Communist-run nation said on Thursday, which could help resolve a stalemate over the launch of ...
Hoang Anh Gia Lai Group (HAGL Group; Vietnamese: Tập đoàn Hoàng Anh Gia Lai), registered as Hoang Anh Gia Lai Joint Stock Company (Vietnamese: Công ty Cổ phần Hoàng Anh Gia Lai), less formally known by its trading name Hoàng Anh Gia Lai (HAGL), is a diversified company headquartered in Pleiku, Vietnam.
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.
As of 2023, it is Vietnam's second-largest bank, with VND 1,800 trillion (around $76 billion) of assets under management. [2] According to the VNR500 (Top 500) ranking, Vietinbank is Vietnam's 13th largest company. [3]
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.