HCMC – As Vietnam dong lending rates continue to rise, many banks encourage their customers to borrow U.S. dollars instead to take advantage of the currency’s lower lending rate. Many enterprises have swapped their dong loans for dollars too. Ly Xuan Hai, general director of Asia Commercial Bank (ACB), said some banks had increased borrowing dollar rates to attract funds for lending. He added... 

It is essential to boost production and exports while reducing the trade deficit and controlling the consumer price index (CPI) in March and the remaining months of this year, said Minister of Trade and Industry Vu Huy Hoang. Mr Hoang emphasised this at an online conference held by the Ministry of Trade and Industry (MoIT) on March 8. Industrial sector rebounds with a sharp increase According to the...