High-risk forex scams spook investors

High-risk forex scams spook investors

The allure of quick money and high returns from foreign exchanges has put investors at risk of unscrupulous scammers who take advantage of their lack of knowledge and an unregulated market.
Forex lending to continue next year

Forex lending to continue next year

The State Bank of Viet Nam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.
Dollar up ahead of Fed minutes

Dollar up ahead of Fed minutes

The dollar continued its discreet recovery on Wednesday (Feb 21), lifted by expectations that the American central bank is shifting towards tightening monetary policy quickly, dealers said.
Forex rates surge against VND

Forex rates surge against VND

Except for the US dollar, foreign currencies have surged against the Vietnamese dong during the last month as demand for foreign goods increases ahead of the Tet (Lunar New Year) holiday.
Banks’ sticky hands reach for greenbacks

Banks’ sticky hands reach for greenbacks

Banks are becoming net purchasers of foreign currencies, creating a good base for the forex market despite exporters’ increased demand for foreign currencies at the year-end.
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
While yet before corner is turned

While yet before corner is turned

The equity market, by both performance and liquidity, was heavily impacted by the macroeconomic factors in 2011’s first quarter.

Cool heads needed as the heat goes on

The State Bank might have done a good job in its monetary manoeuvring in the first half of 2010. But, what about the rest of the year? Dr Nguyen Kim Thanh, director of the central bank’s Banking Strategy Institute explains why it is still “a jungle out there”.
Expanded forex trading band fires up the dong

Expanded forex trading band fires up the dong

The Vietnamese dong is appreciating against the US dollar after the State Bank expanded the forex trading band last week. The central bank expanded the band by +0.25 per cent to +0.75 per cent from December 24, a year after conducting similar increases.