Banks up dollar deposit rates in search for forex
August 01, 2011 | 07:37
Some local lenders have broken ranks to offer higher than regulated dollar deposit rates.
Economy fast approaching its moment of truth
April 25, 2011 | 08:44
“The expected results will depend on the persistence of the government’s policies in the next three years to restore the macroeconomic balances which were lost during 2007-2010”
Demand for foreign currency reveals need for stricter regulations
March 29, 2011 | 16:27
The State Bank of Vietnam (SBV) must find a way to meet legitimate demand for foreign currencies, says Dr. Cao Sy Kiem, the former governor of SBV.
SBV issues currency regulations
March 28, 2011 | 15:00
Organisations and individuals residing in Vietnam will be required to have corresponding foreign currency capital if they want access to foreign currency loans, according to a new circular.
New regulations on individual gold and foreign currency issued
March 20, 2011 | 16:50
The possession of gold bullion and purchasing of foreign currencies in cash are still legal, despite the government considering the issuance of a new decree on the trade of gold.
Foreign currency interest rate maintains high level
February 22, 2011 | 15:43
Whether State Bank depreciates the dong by 9.3 per cent against dollar has not reduced to interest rate of foreign currency.
Tough cure needed for ailing forex market
February 05, 2011 | 20:25
Over the past decade, the trade deficit along with high inflation has been named as the most alarming threat to Vietnam’s macroeconomy and to monetary management.
Clearing up the Black Market exchange
January 18, 2011 | 17:30
According to a dispatch released by the State Bank on January 4 there will be a clampdown on foreign currency exchange at “gold shops” on the black market in order to stabilise the exchange rate and foreign currency market.
Implementing the PPP legal framework
November 21, 2010 | 15:23
Prime Minister Nguyen Tan Dung on November 9, 2010 approved the much anticipated legal framework for public-private partnerships (PPP) in Vietnam.
G20 will vow to avoid forex undervaluation: draft statement
October 21, 2010 | 15:00
GYEONGJU, October 21, 2010 - The Group of 20 nations will vow at a weekend meeting to "refrain from competitive undervaluation" of their currencies, according to an early draft of a statement.
S.E. Asia should 'de-dollarise', but slowly: analysts
October 17, 2010 | 15:23
PHNOM PENH, October 17, 2010 - Southeast Asian countries that rely heavily on the dollar might be alarmed at its recent steep decline, but analysts warn against sudden moves to reduce their dependence on the greenback.
Foreign currency reserves at record high
June 27, 2007 | 17:38
Vietnam has seen record increases in foreign currency reserves in the first half of 2007, due to rising indirect investment in the stock market and a stabilised domestic exchange rate.
Japanese yen initiative fails to turn heads
December 27, 2004 | 18:15
The Japanese government’s attempts to promote the yen currency in the Vietnamese market via a trading fund initiative to support local exporters has yet to take off in Vietnam, where the dollar remains the currency of choice for export transactions.
S&P praises economic progress
October 20, 2004 | 18:15
International ratings agency Standard & Poor’s (S&P) has again rated Vietnam’s long-term foreign currency and long-term local currency BB- (BB minus) and BB, respectively.
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