October 7, 2009
LookAtVietnam – The credit growth rate by the end of Q3 had reached 28 percent, nearly hit the ceiling growth rate of 30 percent set for 2009. Regarding the interest rates performance, the central bank believes the deposit and loan interest rates remain fairly stable. Businesses now can borrow money with the VND interest rate [...]
Tags: Annum, banks, Central bank, Commercial, Commercial banks, Commercial banks have, dollar, exchange, Exchange rate, Exchange Rate The, Foreign, Foreign Currencies, However Commercial, increase, interest, Interest rate, Interest rates, Of Foreign Currencies, Official Exchange, Official Exchange Rate, Per annum, percent, Percent Per, Percent Per Annum, rates, supply, The central, The central bank, The Dollar, The foreign, The interest, The Official, The Official Exchange, The Official Exchange Rate, The Vnd
Posted in Business, News | Comments Off
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 [...]
Tags: agencies, Agencies Have Been, Agencies Have Been Licensed, among, Among Economic, Among Economic Organisations, And The Listing, Been Licensed, Been Licensed Since, branch, commodities, Commodities Prices, currencies, currency, Currency Deposits, Currency Deposits Among, Currency Deposits Among Economic, Currency Mobilisation, Deposits Among, Deposits Among Economic, Deposits Among Economic Organisations, Economic Organisations, Eliminate The Illegal, Eliminate The Illegal Exchange, exchange, Exchange Agencies, fines, firms, Foreign, Foreign Currencies, Foreign Currency, Foreign Currency Deposits, Foreign Currency Deposits Among, Foreign Currency Mobilisation, Foreign Exchange, Foreign Exchange Agencies, Have Been Licensed, Have Been Licensed Since, Hcm city, illegal, Illegal Exchange, In Foreign Currencies, In The City, Is Very Difficult, licensed, listing, Of Commodities Prices, Of Foreign Currencies, Of Foreign Currency, Of This Year, Our Branch, Per cent, prices, State bank, The city, The Illegal, The Illegal Exchange, The Listing, There Have Been, This year, To Eliminate The, To Eliminate The Illegal, Very Difficult, Viet Nam, Vietnamese Dong
Posted in Business, News | Comments Off
July 22, 2009
While businesses criticize commercial banks for the banks’ refusal to sell foreign currencies to them, banks explain that they themselves cannot purchase dollars from export companies. However, there are ‘work-arounds.’ On July 21, the dollar buying and selling prices quoted by commercial banks were still at the official ceiling of 17,812 dong per dollar. Under [...]
Tags: &lsquo, 17 812, 17 812 Dong, 17 812 Dong Per, 812 Dong, 812 Dong Per, 812 Dong Per Dollar, And Purchase Prices, And Then Regularize, And Then Regularize The, balance, banks, Banks Cannot, black, Black Market, Businesses, By Commercial Banks, By The State, By The State Bank, cannot, Ceiling Levels, ceiling:, Commercial, Commercial banks, currencies, currency, Currency Supply, Currency Supply And, Currency Supply And Demand, Currently Banks, demand, dollar, Dollar Shortage, dollars, Dong Per, Dong Per Dollar, Enough Dollars, exchange, Exchange rate, Exchange Rate Announced, Foreign, Foreign Currencies, Foreign Currency, Foreign Currency Supply, Foreign Currency Supply And, Has Not Been, higher, Higher Than The, import, July 21, Lao dong, levels, Lsquo Investigation, market, method, Of Foreign Currencies, official, On The Black, On The Black Market, Other Services, Per Dollar, prices, profit, purchase, Purchase Dollars, Purchase Prices, Quoted, Rate Announced, Regularize, Regularize The Deal, Sale And Purchase, Sale And Purchase Prices, Sell Dollars, selling, shortage, state, State bank, supply, Supply And Demand, That The State, That The State Bank, The banks, The Black, The Black Market, The ceiling, The Ceiling Levels, The current, The Dollar, The Dollar Shortage, The foreign, The Foreign Currency, The Foreign Currency Supply, The government, The Official, The sale, The Sale And, The Sale And Purchase, The state, The state bank, The Supply, The Trading, The Trading Band, Then Regularize, Then Regularize The, Then Regularize The Deal, Think That The, Think That The State, To Purchase Dollars, To Sell Dollars, trading, Trading Band, Vietnam
Posted in Business, News | Comments Off
July 2, 2009
In the context of a growing trade deficit, Associate Professor Dr. Tran Hoang Ngan talked about the outlook for the value of Vietnam’s currency, the dong, against foreign currencies. Associate Professor Dr. Tran Hoang NganNgan said recent data showing an increasing trade deficit has raised expectations that the dong will lose value against foreign currencies. [...]
Tags: 10-percent, 2009 Trade, 2009 Trade Deficit, billion, Businesses, ceiling:, currencies, currency, deficit, dollars, exchange, Exchange rate, exports, first, First Six, First Six Months, Foreign, Foreign Currencies, Foreign Currency, Free Market, Higher Than The, Higher Than The Official, import, In The First, In The First Half, In The First Six, Interest rate, Ldquo, Lending Interest, Lending Interest Rate, Lose Value, Lose Value Against, market, Monetary Policy, Of Foreign Currencies, official, Official Ceiling, On The Free, On The Free Market, percent, policy, products, professor, Professor Ngan, Purchasing Foreign, Purchasing Foreign Currencies, result, Six Months, state, State bank, Than The Official, Than The Official Ceiling, The Deficit, The Dong, The enterprises, The exchange, The Exchange Rate, The first, The First Half, The First Six, The First Six Months, The Free, The Free Market, The Official, The Official Ceiling, The Result, The state, The state bank, The Trade, The Trade Deficit, think, trade, Trade deficit, Trade Deficit Was, Vietnam
Posted in Business, News | Comments Off
June 8, 2009
In the first three months of 2009, SBV cited the trade surplus to persuade people not to worry about the foreign currency shortage. But what will happen with the trade deficit returning? In May 2009, the State Bank worked very hard to stabilise the foreign currency market. It tried to persuade businesses and people that [...]
Tags: Are Lower Than, balance, banks, Be Too Worried, billion, Billion Vietnam, Billion Vietnam Will, By Commercial Banks, capital, Commercial, Commercial banks, Counting Gold, Counting Gold Exports, currencies, currency, Currency Market, Currency Shortage, Currency Supply, deficit, disbursement, dollar, Dollar Prices, Dong Per, exchange, Exchange rate, exports, Foreign, Foreign Currencies, Foreign Currency, Foreign Currency Market, Foreign Currency Shortage, Foreign Currency Supply, Foreign Portfolio, Foreign Portfolio Investment, Gold Exports, In 2009 Will, investment, Investment Disbursement, market, Meanwhile, Of Foreign Currencies, overseas, Overseas Remittance, percent, Percent From 2008, Portfolio Investment, prices, remittance, Said That The, shortage, Stabilise The Foreign, Stabilise The Foreign Currency, state, State bank, supply, That The Dollar, That The Supply, The Dollar, The Dollar Prices, The exchange, The Exchange Rate, The foreign, The Foreign Currency, The Foreign Currency Market, The state, The state bank, The Supply, The Trade, To Stabilise The, To Stabilise The Foreign, Too Worried, trade, Trade deficit, Trade Surplus, Vietnam, worried
Posted in Business, News | Comments Off
May 16, 2009
LookAtVietnam – Many Vietnamese people have preferred to use foreign currencies to the domestic currency for a long time without knowing that the practice is illegal, and this habit must change as soon as possible. According to Vietnamese law, all business transactions in Vietnam cannot be conducted in foreign currencies, except for transactions between credit [...]
Tags: &lsquo, agencies, Between The Vietnamese, Between The Vietnamese Dong, Black Market, Business, Business Transactions, Businesses, Central bank, commodities, Country, currencies, dollar, Dong And The, Exchange rate, Exchange Rate Between, Exchange Rate Between The, Foreign, Foreign Currencies, In Foreign Currencies, In The Country, Lsquo Black, Lsquo Black Market, management, market, media, Media Agencies, Of Commodities And, Of Foreign Currencies, Of The Prices, On The Lsquo, On The Lsquo Black, organisations, prices, products, Rate Between The, Rate Between The Vietnamese, Report The Exchange, Report The Exchange Rate, services, state, The central, The central bank, The country, The economy, The exchange, The Exchange Rate, The Exchange Rate Between, The Law, The Listing, The Lsquo, The Lsquo Black, The Lsquo Black Market, The management, The Prices, The state, The vietnamese, The Vietnamese Dong, The Vietnamese Dong And, Their products, transactions, Us Dollar, Vietnam, Vietnamese, Vietnamese Dong, Vietnamese Dong And, Vietnamese Dong And The
Posted in Business, News | Comments Off
May 15, 2009
Many businesses have to wait 7-14 days to purchase dollars from banks. Some say they cannot wait that long. The foreign currency market has become tense with the demand for dollars increasing dramaticallyAll businessmen shake their heads when asked if they can purchase dollars from banks these days. Doan Trong Ly, Chairman of Aprocimex, a breeding, [...]
Tags: banks, Banks These Days, Businesses, Commercial banks, company, Company Said That, currencies, director, Do Not Have, dollars, Dollars From Banks, Dollars From Banks These, Foreign, Foreign Currencies, Foreign Currency, From Banks These, From Banks These Days, General, import, Import-export, needs, Of Foreign Currencies, prices, purchase, Purchase Dollars, Purchase Dollars From, Purchase Dollars From Banks, Purchase Foreign, Purchase Foreign Currencies, Sell Foreign, Sell Foreign Currencies, The Director, The foreign, The Foreign Currency, These Days, To Purchase Dollars, To Purchase Dollars From, To Purchase Foreign, To Purchase Foreign Currencies
Posted in Business, News | Comments Off
April 27, 2009
Sources say that SBV has consulted with the government on a measure to force export companies which have earnings in dollars to sell dollars to commercial banks. The central bank is seeking measures to ease the dollar supply shortage. Statistics suggest that the total sum of foreign currencies companies are keeping in their bank accounts is [...]
Tags: 15 17bil, banks, Business, Central bank, companies, dollar, Dollar Supply, dollars, Ease The Dollar, Export Companies, Foreign, Foreign Currencies, Foreign Currency, Have Dollars, Measure, Of Foreign Currencies, official, Proves, Sell Dollars, State bank, supply, The central, The central bank, The Dollar, The Dollar Supply, The Exact, The foreign, The Foreign Currency, The measure, The Official, The state, The state bank, To Sell Dollars
Posted in Business, News | Comments Off
March 15, 2009
Japanese firms investigate investment opportunities in Vietnam; Hai Phong officials seek Australia’s investment; Dung Quat IZ licenses foreign-funded project; Vietnam to be destination for foreign investors; Vietnamese businesses to attend Boston’s int’l seafood show Japanese firms investigate investment opportunities in VietnamA delegation of leaders of Japanese businesses representing the country’s chemical, energy, transport and infrastructure [...]
Tags: 120 Enterprises, 300 Million, 300 Million Usd, 500 Members, 500 Members Who, 500 Members Who Are, 60 Vietnamese, 60 Vietnamese Seafood, Acceptance And Payment, According, airfares, Airlines, allowed, Also Plans, among, And Intellectuals Fec, And Other Relevant, announced, Are Former Diplomatic, Are Former Diplomatic Officials, Asian, Asian Countries, Association, Association Hkpa, Australia, Bank Vietnam, Bank Vietnam Ltd, Bao Viet, Bao Viet Bank, Between The Two, Between The Two Countries, billion, Billion usd, Binh duong, Boston, Boston Seafood, Boston Seafood Show, Brand Awards, Brazil, Brazilian, Business, Businesses, Businessmen And Intellectuals, Businessmen And Intellectuals Fec, By The Sbv, By The State, By The State Bank, Cambodia, capital, Chairman, Chan Thon, Chan Thon Said, Chi minh, Chi minh city, committee, companies, company, conditions, Conditions For Fec, Conditions For Fec Members, Conduct Factoring, conduct:, cooperation, Cooperation Committee, Council, Council Fec, countries, Countries And Territories, Country, create, Create Favourable, Create Favourable Conditions, Create Favourable Conditions For, Credit Institutions, Credit Institutions And, criteria, currencies, decision, delegation, Delegation From The, Department, Deputy, Destination For Foreign, Destination For Foreign Investors, development, Diplomatic Officials, Diplomatic Officials Economists, Diplomatic Officials Economists Businessmen, domestic, Domestic Market, Dung Quat, Duong, economic, Economic Cooperation, Economic Cooperation Committee, Economists Businessmen, Economists Businessmen And, Economists Businessmen And Intellectuals, energy, enterprises, Especially, established, exchange, Exchange Council, Exchange Council Fec, export, Factoring, Factoring Operations, favourable, Favourable Conditions, Favourable Conditions For, Favourable Conditions For Fec, Fec Members, firms, For Fec Members, For Foreign Investors, Foreign, Foreign Currencies, Foreign investors, Foreign-invested, forex, Forex Services, Former Diplomatic, Former Diplomatic Officials, Former Diplomatic Officials Economists, friendship, Friendship Exchange, Friendship Exchange Council, Friendship Exchange Council Fec, From Hai Phong, Government, group, Hai phong, Hanoi, Ho Chi, Ho Chi Minh, Ho Chi Minh City, Hong kong, Hong Kong Printers, Hong Kong Printers Association, Hsbc Bank, Hsbc Bank Vietnam, Hsbc Bank Vietnam Ltd, Hsbc Vietnam, In Foreign Currencies, In Line With, In Line With International, In The City, In The Country, In The Domestic, In The Domestic Market, In The Southern, In Vietnam With, Industrial, Industrial zone, industry, Intellectuals Fec, International, International Boston, International Boston Seafood, International Boston Seafood Show, International Friendship, International Friendship Exchange, International Friendship Exchange Council, International Practice, invest, investment, Investment capital, Investment opportunities, investors, issued, Italy, Iwashita, Japan, Japan Vietnam, Japan Vietnam Economic, Japan Vietnam Economic Cooperation, Japanese, Japanese Firms, joint, Joint stock, Joint venture, Kong Printers, Kong Printers Association, Kong Printers Association Hkpa, leaders, Line With International, Line With International Practice, Local, March, March 12, March 13, market, markets, Masahiro, Masahiro Iwashita, members, Members Who Are, Members Who Are Former, million, Million Usd, Minh city, Minister, ministry, More Foreign, National, Non Profit, Non Profit Organisation, Of Foreign Currencies, Of Japan Was, Of The Committee, Of The Country, Of The Japan, Of The Japan Vietnam, Of The Vietnam, Of The Vietnam Japan, Of The Winners, Of The Winners Are, Officials, Officials Economists, Officials Economists Businessmen, Officials Economists Businessmen And, operations, opportunities, Other Relevant, Overseas vietnamese, partners, payment, Peace Prosperity, people, percent, Phong, plans, President, Printers, Printers Association, Printers Association Hkpa, production, products, Profit Organisation, project, projects, province, registered, Registered Capital, regulations, relations, Relevant, Said That The, seafood, Seafood Show, services, southern, state, State bank, Strong Brand, Strong Brand Awards, Sustainable Development, Take part, The award, The Brazilian, The Chairman, The city, The Committee, The country, The Decision, The Delegation, The domestic, The Domestic Market, The Dung, The global, The group, The hong, The hong kong, The Hong Kong Printers, The Hsbc, The Hsbc Bank, The Hsbc Bank Vietnam, The international, The International Boston, The International Boston Seafood, The International Friendship, The International Friendship Exchange, The Japan, The Japan Vietnam, The Japan Vietnam Economic, The local, The ministry, The project, The province, The Sbv, The Southern, The state, The state bank, The Two Countries, The vietnam, The Vietnam Japan, The vietnamese, The Winners, The Winners Are, The world, Their products, third, This year, To Conduct Factoring, To Enter The, To The Country, total, tourism, trade, Trade Fair, Travel, Two Countries, Viet bank, Vietnam, Vietnam airlines, Vietnam Economic, Vietnam Economic Cooperation, Vietnam Economic Cooperation Committee, Vietnam Expo, Vietnam Has Been, Vietnam Ltd, Vietnam national, Vietnam-Japan, Vietnamese, Vietnamese businesses, Vietnamese seafood, visitors, Who Are Former, Who Are Former Diplomatic, Will Take Part, winners, With Asian Countries, With International Practice, world, Would Create, Would Create Favourable, Would Create Favourable Conditions
Posted in Business, News | Comments Off
