News

Gold prices dropped 1% on Monday, slipping from a 14-month peak, after U.S. President Donald Trump’s decision not to impose trade tariffs on Mexico spurred risk sentiment and lifted the dollar from recent lows.

Oil prices stabilized on Tuesday on expectations that producer group OPECand its allies will keep withholding supply to prevent prices from tumbling amid a broad economic slowdown which has started eating away at fuel demand growth.

U.S. government debt yields rose Monday after President Donald Trump said U.S. tariffs on goods from Mexico would be suspended.

The dollar gained on Monday after the United States and Mexico reached a deal to avoid tariffs, while the euro faltered after sources said European Central Bank policymakers were open to cutting interest rates should economic growth slow.

HCMC – The Vietnam Bank Association (VBA) has repeated its call for the Government to approve charter capital hikes at four major State-owned commercial banks, noting that the delay could adversely affect money supply for the economy.

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,061 VND/USD on the morning of June 11, up by 7 VND from June 10.

Ba Ria – Vung Tau (VNA) – The southern province of Ba Ria – Vung Tau is working to draw more investment from Japan as it defined the country as one of its future strategic investors, said the provincial Department of Planning and Investment. 

At the Vietnam Venture Summit held today, 18 funds have committed to pouring $434.8 million into startups over the next three years, and numerous co-operation agreements between the MPI, funds, and startups have been inked.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.06 per cent to close at 963.49 points.