Weighing up the FX conundrum

Weighing up the FX conundrum

Industry insiders are biting into the year-end exchange rate and foreign currency credit situation.
Opinions differ over gold import

Opinions differ over gold import

Several banks have yet to mobilize enough gold to settle their contracts before gold lending and mobilization get banned from November 25, raising a question whether gold import should be allowed now. But experts are greatly at odds over the question.
Move to fortify forex positions

Move to fortify forex positions

The State Bank should consider issuing bills or bonds in USD, instead of VND to increase forex reserves or paying off overseas debts and encouraging direct and indirect foreign investment - Vu Thanh Tu Anh - Head of research at the Fulbright Economics Teaching Programme
M&As’ intriguing currency story

M&As’ intriguing currency story

The legal framework for mergers and acquisitions (M&A) in Vietnam has been gradually enhanced in the context of the tremendous increase in both value and volume of M&A deals for recent years.
Draft law insures currency debate

Draft law insures currency debate

The Draft Law on Deposits not insuring gold and foreign currency deposits has triggered diverse National Assembly opinions.
Forces put squeeze on FX rate

Forces put squeeze on FX rate

Higher gold prices and maturing US dollar loans are pressuring the exchange rate.
Calm heads prevail as the forex market to remain cool

Calm heads prevail as the forex market to remain cool

With its first move to regulate dollar denominated lending activities, the State Bank has sent a strong signal to keep the exchange rate stable till the year’s end.
Taking sense amid gold frenzy

Taking sense amid gold frenzy

Ho Quoc Tuan, a doctoral candidate at the United Kingdom’s Manchester University, examines the best way to restore order to the local bullion market and create a balance between domestic and world market gold prices.
Standard & Poor’s rating downgrade

Standard & Poor’s rating downgrade

Standard & Poor’s has downgraded Vietnam’s local currency long term rating.
New regulations on cross-border carrying of cash

New regulations on cross-border carrying of cash

The State Bank of Vietnam has issued a circular, stipulating the bringing of foreign currency in cash and Vietnam dong in cash by individuals when leaving or entering the country.
A steady hand to guide economy

A steady hand to guide economy

Newly-elected State Bank governor Nguyen Van Binh talks to VIR about the bank’s main goals and explains why the country has reasons to be optimistic on the forex front.
Long awaited VAT path is set to be outlined

Long awaited VAT path is set to be outlined

Local banks’ SOS for value added tax guidance will soon be answered.
Rock solid currency is key

Rock solid currency is key

Restoring confidence in its local currency is a key macro target for Vietnam.
USD saving interests cut to stabilise forex market

USD saving interests cut to stabilise forex market

A decision made by the State Bank of Vietnam on June 2 to cut the ceiling interest rates of deposits in the greenback is expected to promote bank savings in VND instead of USD.
Black forex market now seeing the light

Black forex market now seeing the light

Despite the unofficial forex market stabilising on the back of improved dollar supply, the authority is still moving to further rein in this market.
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