August 31, 2011
Vietnam’s central bank said it will raise compulsory reserve ratios for foreign currency deposits from next month, the third increase this year as it strives to shore up the local currency and discourage the use of dollars. The move will effectively make it more expensive for banks to deal in dollars, which make up [...]
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August 18, 2009
LookAtVietnam – Deputy director of the State Bank’s HCM City branch, Nguyen Hoang Minh, talked to Vietnam Investment Review about why 16 firms had been punished It is very difficult to eliminate the illegal exchange of foreign currencies.One of the violators was Nguyen Vu firm in HCM City’s District 1. It was discovered to have [...]
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April 5, 2009
Petrovietnam exploit 6.43 million tonnes of equivalent oil in first quarter; VN-Index gains 4.37% at weekend session, volume hits record; SBV reduces interest rate for excessive amount of foreign currency reserve requirement; Vietnam targets US$4.5 billion of seafood exports this year Petrovietnam exploit 6.43 million tonnes of equivalent oil in first quarterThe Vietnam Oil and [...]
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