Four dead or missing as torrential rains hit central areas

A street in central Quang Ngai Town was inundated in the flood triggered by heavy rain during the last three days in Quang Ngai Province.

At least four fishermen were killed or reported missing as heavy downpours and strong winds triggered rough seas in central provinces, and experts warned of more rain and flooding in [...]

Central bank weakens dong to drive exports, economy

An Asia Commercial Bank branch in Ho Chi Minh City Thursday. Commercial banks said their dollar supply has fallen since moneychangers offer higher rates for the greenback.

The central bank Thursday fixed the dong’s rate 3 percent down against the dollar to boost exports, as the country’s economy expanded at its slowest pace in nine years [...]

Central bank widens forex trading band to 3 percent

A teller counts money at a Sacombank branch in Ho Chi Minh City’s District 1.

The State Bank of Vietnam (SBV) expanded the trading band for the dong, allowing for a weaker currency to boost exports and shore up the economy against the threat of a global recession.

The currency can trade at 3 [...]

No let up from heavy rains in central, southern Vietnam

Dien Bien Phu Street in Thua Thien-Hue Province was heavily flooded Saturday

Incessant rain has lashed central and southern regions over the last two days, leaving many provinces and cities under water and causing major material losses.

In the central region, Thua Thien-Hue Province and its neighboring Da Nang City were worst hit by [...]