State-owned banks leading in forex trading revenues
September 19, 2023 | 16:00
The profits from foreign exchange trading at major banks are still consistently substantial, even in the face of significant exchange rate fluctuations.
The subtle art of choosing a foreign exchange broker
July 18, 2022 | 10:00
The forex market is the most liquid market in the world, with approximately $5 trillion traded per day. Tong Quoc Dat, senior market strategist from Exness, explains how to choose a forex broker and why the major banks are active in this arena.
High-risk forex scams spook investors
August 06, 2020 | 11:00
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
November 28, 2018 | 10:00
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
February 22, 2018 | 09:10
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
February 05, 2018 | 22:06
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
October 16, 2012 | 09:54
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
March 25, 2012 | 23:30
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
April 04, 2011 | 10:26
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
July 22, 2010 | 14:53
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
December 31, 2007 | 18:10
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.
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