Yen depreciates near the bottom of the month amid interest rate pressure
According to Lao Dong, on June 18, the Japanese Yen (JPY) continued to depreciate against the US Dollar (USD), marking the fourth consecutive day of depreciation.
The USD/JPY exchange rate is currently fluctuating near its lowest level of the month, in the context of investors worrying that the Bank of Japan (BoJ) will delay the next interest rate hike until early 2026.
In a recent policy meeting, the BoJ decided to keep interest rates unchanged at 0.5% as expected. At the same time, the bank said it will reduce the pace of government bond purchases from April next year, reflecting caution against economic growth risks. See more...
Cocoa prices increase sharply, gardeners in Vinh Long are excited to expand their area
Thanks to the sharp increase in selling prices, cocoa trees are becoming a new economic choice for many gardeners in Tra On district. Currently, the price of high-protein coffee beans has increased nearly 3 times, from 5,500 VND to 17,000 VND/kg, bringing a stable source of income to growers.
Mr. Nguyen Van Nho (Tan My commune) - one of the long-time cocoa growers - said: "The cocoa garden is intercropped with coconut to produce even fruit, less pests and diseases, the output is supported by the cooperative, so my family is assured to expand nearly 1 hectare of land to continue growing".
Currently, the whole district of Tra Ong has more than 300 hectares of cocoa trees, mainly distributed in Tan My, Tra Con, Vinh Xuan, Tich Thien, Luc Si Thanh, Xuan Hiep communes and Tra On town. See more...
HCMC handles the whole process, transparency the business market
Decoding deposit record levels at credit institutions
According to data from the State Bank, by the end of March 2025, the amount of residential deposits continued to increase by 5.73% compared to the end of 2024, equivalent to an increase of VND 404,800 billion, to nearly VND 7.47 million billion. This is the highest level ever. The amount of deposits from residents has continuously increased over the past 3 months, in March alone, it increased by VND103,800 billion.
This development attracted attention in the context of deposit interest rates continuing to remain low, commonly below 6%/year.
However, the sharp increase in deposits does not mean that all cash flow is "in the savings book". The nature of this figure includes many elements: payment deposits, capital flows from unused loans, or investment cash flow that is temporarily "hiding" in waiting for opportunities.
According to Mr. Nguyen Quang Huy - CEO of the Faculty of Finance - Banking, Nguyen Trai University - this phenomenon is not simply an increase in savings deposits.
This is a sign of a strategic financial defense state. People are behaving like non-professional macro investors: they are not in a hurry to spend or invest, but keep money in banks to observe, analyze and wait for clearer signals from the global economy as well as the domestic market" - Mr. Huy commented. See more...
