Hanoi (VNA) – The State Bank of Vietnam (SBV) on February 22 announced the central rate for the Vietnam dong against the US dollar at 21,894 VND per USD, a decrease of 6 VND compared to the late last week. With the current +/- 3 percent VND/USD trading band, the ceiling exchange rate is 22,551 VND per USD and the floor rate is 21,237 VND per USD. Meanwhile, the listing rate at commercial banks showed little change. The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank for Investment and Development of Vietnam (BIDV) posted the buying and selling rates at 22,330- 22,400 VND per US…
More than 23,000 cars sold in Jan 2016
Hanoi (VNA) – Vietnam’s automobile sales in the first month of 2016 rose 16 percent from the same period last year, amounting to 23,165 units, the Vietnam Automobile Manufacturers Association (VAMA) announced on February 16. During the month, the number of passenger cars sold increased 3 percent to 14,090 units while commercial cars shot up 50 percent to 8,200 units and special-purpose cars sales climbed 5 percent to 875 units against January 2015. The sale of domestically assembled cars over the month stood at 17,397 units, an increase of 29 percent. In contrast, imported cars sales recorded 5,786 units, a reduction of 11 percent year-on-year. However, the number of cars…