January 14, 2012
Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
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January 11, 2012
Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said. “We believe that 2012 will be a hard year, a challenging year for Vietnam’s economy,” Binh said at a conference in Hanoi [...]
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December 22, 2011
A young girl in northern Vietnam. Ethnic minorities account for 13 percent of Vietnam's population, but 44.4 percent of the country's poor. © Alisa Tang/IRIN. For more than a decade, Nguyen Thi Quyen’s ethnic minority students in Lao Chai village primary school would stare at her blankly, unable to respond to her questions. As the [...]
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July 15, 2011
As inflation slows and liquidity improves, the high dong deposit rates offered by commercial banks could fall slightly in the coming months, Nguyen Thi Mui, a member of the National Advisory Council for Financial and Monetary Policies, tells Thanh Nien Weekly. Thanh Nien Weekly: Firms say that interest rates are too high now at [...]
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June 2, 2011
Vietnam’s central bank ordered lenders to set aside more dollars as reserves for the second time in less than two months, escalating the nation’s fight to steady the dong and quell the highest inflation in Asia. The reserve-requirement ratio on US dollar deposits will rise by 1 percentage point to a range from 4 [...]
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May 4, 2011
Vietnam is “overdue” for again raising its interest rates because of the country’s high pace of inflation, an International Monetary Fund official said on Monday. Benedict Bingham, IMF resident representative for Vietnam, said the State Bank of Vietnam (SBV), the central bank, should move “to ensure that inflation expectations don’t become entrenched and put [...]
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April 1, 2011
The refinancing rate has been hiked to 13 percent Vietnam stepped up its battle against Southeast Asia’s highest inflation on Friday, raising a key interest rate for the third time in less than two months. The refinancing rate, which sets the cost of commercial lenders’ borrowings from the central bank, was hiked to 13 percent [...]
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February 23, 2011
A freight ship docks alongside a container wharf in Tokyo port. Japan posted its first trade deficit in almost two years last month, officials said Wednesday, amid rising commodity prices and weak demand for its exports ahead of China’s Lunar New Year holiday. The finance ministry said exports, a key driver of Japan’s economy, rose [...]
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January 26, 2010
VN to export 750,000 tonnes of rubber in 2010; Embassy in Germany meets Vietnamese businesses; Hanoi to attract 180 million USD into IZs in 2010 The Vietnam Rubber Association predicted that this year’s total rubber exports will hit 750,000 tonnes, valued at over 1.5 billion USD. The association said that 2010 promises a growing year [...]
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December 18, 2009
LookAtVietnam – Economists believe that the consumer price index (CPI) increase in 2010 will be higher than seven percent, the level set by the Government. Dr Tran Hoang Ngan, Deputy President of the HCM City Economics University, said that though the world’s economy has shown signs of recovering, but the recovery is not really stable [...]
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