March 25, 2011
A staff member counts US dollar notes at a bank in Ho Chi Minh City The dong has strengthened against the dollar and dollar-denominated deposits have increased over the past week after the central bank clamped down on foreign exchange transactions in the unofficial market. On Thursday, the dollar traded at Vietcombank at VND20,865, down [...]
Tags: Asked The State, Asked The State Bank, banks, black, Black Market, Black Market Will, Buy Dollars, Buy Foreign, Buy Foreign Currencies, Cao Sy, Central bank, currencies, currency, Currency Trading, current, Current Measure, demand, dollar, dollars, exchange, Exchange rate, For Foreign Currencies, Foreign, Foreign Currencies, Foreign Currencies From, Foreign Currency, Foreign Currency Trading, Foreign Exchange, Free Market, From Official Channels, Government, Government Has Asked, Government Has Asked The, habit, Has Asked, Has Asked The, Has Asked The State, In The Black, In The Black Market, individuals, inflation, Legal Needs, management, market, Measure, measures, needs, Nien Weekly, Of Foreign Currency, official, Official Channels, Or Sell Foreign, Or Sell Foreign Currencies, Over The Past, people, Sell Foreign, Sell Foreign Currencies, Selling Foreign, Selling Foreign Currencies, So That People, speculation, state, State bank, surveillance, Sy Kiem, Thanh nien, Thanh Nien Weekly, That People Can, The Black, The Black Market, The Black Market Will, The central, The central bank, The current, The Current Measure, The Dollar, The Dong, The exchange, The foreign, The Foreign Currency, The Foreign Exchange, The Free, The Free Market, The government, The Government Has, The Government Has Asked, The Habit, The market, The past, The state, The state bank, The Surveillance, To Buy Foreign, To Buy Foreign Currencies, To Meet Their, Tough Measures, trade, trading, Up The Habit, Vietnam
Posted in Reports | Comments Off
March 11, 2011
A recent crackdown has brought the unofficial foreign exchange market in Hanoi to a standstill The State Bank of Vietnam Governor Nguyen Van Giau announced that foreign exchange rates on the unofficial currency market will drop in coming days as the authorities launch a crackdown on illegal dollar hoarding and trading. On Tuesday, Giau told [...]
Tags: black, Black Market, Brought The Unofficial, Brought The Unofficial Foreign, crackdown, dollar, exchange, Exchange Market, Foreign, Foreign Exchange, Foreign Exchange Market, Government, Hanoi, illegal, Illegal Dollar, market, The Black, The Black Market, The Unofficial, The Unofficial Foreign, The Unofficial Foreign Exchange, trading, Unofficial, Unofficial Foreign, Unofficial Foreign Exchange, Unofficial Foreign Exchange Market, Vietnam
Posted in Business | Comments Off
February 2, 2010
LookAtVietnam – Commercial banks have purchased $450 million from state owned conglomerates and general corporations since the beginning of January 2010. The move follows a Government request for dollars to be sold to help stabilize the foreign currency market. The information was released by the deputy governor of the State Bank of Vietnam Nguyen Dong Tien [...]
Tags: 450 Million, And General Corporations, banks, billion, Billion Dong, Billion Dong And, Black Market, By The State, By The State Bank, Commercial banks, currency, Currency Market, Currency Market The, dollar, Dollar Exchange, Dollar Exchange Rate, Dong Dollar, Dong Dollar Exchange, Dong Dollar Exchange Rate, Dong Per, Dong Per Dollar, Economic Groups, Economic Groups And, Economic Groups And General, exchange, Exchange rate, February, Foreign, Foreign Currencies, Foreign Currency, Foreign Currency Market, Foreign Currency Market The, Free Market, General Corporations, Gold price, Groups And General, Groups And General Corporations, Interbank, Interbank Market, Interest rate, Last week, market, million, Million Dollar, Owned Economic, Owned Economic Groups, Owned Economic Groups And, Per Dollar, percent, Previous Week, price, Said That The, Stabilize The Foreign, Stabilize The Foreign Currency, state, State bank, State Owned Economic, State Owned Economic Groups, State-owned, The Black, The Black Market, The Dollar, The Dong, The Dong Dollar, The Dong Dollar Exchange, The foreign, The Foreign Currency, The Foreign Currency Market, The Free, The Free Market, The Gap, The Interbank, The Interbank Market, The previous, The Previous Week, The state, The state bank, The volume, Vietnam, volume, Which Has Been
Posted in Business, News | Comments Off
January 29, 2010
Vietnamâs banking system is not capable of meeting the foreign currency demand of residents, compelling them to engage in black market trading, a central bank official told Thanh Nien. The official, who wished to be unnamed, said because unofficial rates are higher than those at the banks, many people favor selling US dollars on the [...]
Tags: 18 474, banks, black, Black Market, Black Market Trading, Central bank, currency, demand, dollar, dollars, Last year, market, Market Trading, official, On The Black, On The Black Market, Overseas Remittances, rates, The banks, The Black, The Black Market, The Currency, The Dong, The Gap, The Gap Between, The government, The Official, trading, Us Dollars, Vietnam
Posted in Business, News | Comments Off
January 29, 2010
LookAtVietnam – HCM City’s black market has become more busy than ever, as now is the kieu hoi (overseas remittance) and travel season. The year’s end is always time for overseas Vietnamese to remit money to their relatives so that they can enjoy Tet. Those who receive kieu hoi sell dollars for dong to make [...]
Tags: 19 600, abroad, banks, black, Black Market, control, demand, dollar, dollars, Dong Per, Dong Per Dollar, Foreign, Foreign Currencies, Free Market, Gold Shop, Gold Shops, Hcm city, Ldquo, market, Of Dollars Are, people, Per Dollar, price, purchase, Purchase Dollars, Rdquo, Sell Dollars, Shop Owner, shops, That They Can, The Black, The Black Market, The demand, The Dollars, The Free, The Free Market, The sale, Told Vnexpress, Told Vnexpress That, transactions, Travel, Vnexpress
Posted in Business, News | Comments Off
January 14, 2010
LookAtVietnam – The dollar price, both the exchange rate quoted by commercial banks and the price on black market, has been decreasing after efforts by government agencies to stabilize the forex market. The State Bank of Vietnam announced the interbank exchange rate of 17,941 dong per dollar for January 12, a rate which has been [...]
Tags: And General Corporations, banks, Black Market, Businesses, Commercial, Commercial banks, Commercial banks have, corporation, dollar, Dollar Price, Dollar Price Has, dollars, Dong Per, Dong Per Dollar, Economic Groups, Economic Groups And, Economic Groups And General, exchange, Exchange rate, Food corporation, General Corporations, groups, Groups And General, Groups And General Corporations, interest, Interest rate, Interest rates, market, National, On The Black, On The Black Market, Per Day, Per Dollar, price, Prime minister, rates, Said That The, Sell Dollars, state, State bank, The Black, The Black Market, The Dollar, The Dollar Price, The Interbank, The national, The prime, The prime minister, The Rates, The Seven, The state, The state bank, To Sell Dollars, Trading Volume, Vietnam, volume
Posted in Business, News | Comments Off
December 22, 2009
LookAtVietnam – The dollar exchange market has improved in the half month after drastic measures. However, the problems have not been settled completely. It appears that the black market has not been influenced so much by the drastic measures taken. The black market rate remains high, and is always 1,000VND higher than the price quoted [...]
Tags: 17 941, 17 941 Dong, 17 941 Dong Per, 941 Dong, 941 Dong Per, 941 Dong Per Dollar, And General Corporations, announced, banks, black, Black Market, By Commercial Banks, By The State, By The State Bank, Commercial, Commercial banks, dollar, Dollar Rate, dollars, Dong Dollar, Dong Dollar Rate, Dong Per, Dong Per Dollar, exchange, Exchange rate, Exchange Rate Announced, Foreign, General Corporations, Groups And General, Groups And General Corporations, Interbank, Interbank Exchange, Interbank Exchange Rate, Interbank Exchange Rate Announced, market, Per Dollar, percent, Quoted, Rate Announced, Rate Quoted, Said That The, state, State bank, That The Dong, That The Dong Dollar, The Black, The Black Market, The Dong, The Dong Dollar, The Dong Dollar Rate, The Interbank, The Interbank Exchange, The Interbank Exchange Rate, The state, The state bank, Vietnam
Posted in Business, News | Comments Off
December 7, 2009
VietNamNet Bridge – SBV has announced that it will take “drastic measures” put a halt to illegal foreign currency trading, which affects the foreign currency market. In an interview with Lao Dong newspaper, Director of the Foreign Exchange Management Department under SBV, Nguyen Quang Huy, maintained that while the trading volume on the black market [...]
Tags: banks, black, Black Market, Businesses, Currency Market, dollar, dollars, Dong Per, Dong Per Dollar, exchange, Foreign, Foreign Currencies, Foreign Currency, Foreign Currency Market, International Prices, Last week, Late Last, Late Last Week, Ldquo, market, measures, newspaper, On The Black, On The Black Market, Per Dollar, Purchase Dollars, Rdquo, Saigon Tiep, Saigon Tiep Thi, Sell Dollars, selling, Selling Dollars, That The Bank, The bank, The Black, The Black Market, The foreign, The ministry, Tiep Thi, trade, When asked
Posted in Business, News | Comments Off
December 5, 2009
A shop owner calculates money at a market in Ho Chi Minh Cityâs District 1. The fall of the dong has consumers beginning to feel the pinch as importers and producers raise prices, passing on dollar hike costs to end-users. A survey by Thanh Nien found that since the one-off devaluation of the dong last [...]
Tags: According, black, Black Market, Business, By Thanh Nien, Central, Central bank, Chi minh, Chi minh city, Commercial banks, company, consumer, Consumer Prices, Consumers, costs, currency, dollar, Dollar Hike, dollars, Duong, earlier, exchange, Exchange rate, Exchange rates, He Has Also, hikes, Ho Chi, Ho Chi Minh, Ho Chi Minh City, increase, Keep Prices, Keep Prices Stable, Last week, Local, Local Consumers, Lunar new, Lunar New Year, market, Minh city, New year, Of The Dong, Per Dollar, percent, price, Price Hikes, prices, Prices Stable, Prime minister, rates, Said price, sales, stable, Thanh, Thanh nien, The Black, The Black Market, The central, The central bank, The Dollar, The Dong, The exchange, The Exchange Rate, The government, The local, To Keep Prices, To Keep Prices Stable, Us Dollar, Us Dollars
Posted in Business, News | Comments Off
December 1, 2009
LookAtVietnam – Almost a week after the central bank raised the official dong/dollar exchange rate, the foreign currency market has begun cooling down. On November 30, the interbank exchange rate had eased by five dong per dollar to 17,956 dong. Commercial banks were selling the dollar to customers at 18,495 dong per dollar, the maximum [...]
Tags: 100 Dong, 100 Dong Per, 100 Dong Per Dollar, banks, black, Black Market, Businesses, Commercial banks, currencies, currency, dollar, Dollar Price, Dollar Supply, dollars, Dollars From Banks, Dong Per, Dong Per Dollar, Encourage Businesses, Foreign, Foreign Currencies, Foreign Currency, Hcm city, market, On The Black, On The Black Market, Per Dollar, price, purchase, Purchase Dollars, Purchase Dollars From, Purchase Dollars From Banks, Said that they, Said That They Have, state, State bank, supply, That They Have, The Black, The Black Market, The Dollar, The Dollar Price, The Dollar Supply, The state, The state bank, These Days, To Encourage Businesses, To Purchase Dollars, To Purchase Dollars From
Posted in Business, News | Comments Off
