February 2, 2010
LookAtVietnam – Commercial banks have purchased $450 million from state owned conglomerates and general corporations since the beginning of January 2010. The move follows a Government request for dollars to be sold to help stabilize the foreign currency market. The information was released by the deputy governor of the State Bank of Vietnam Nguyen Dong Tien [...]
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December 25, 2009
LookAtVietnam – Deputy director of the Market and Price Research Institute Tran Dinh Anh sees the appreciating dollar as positive news for Vietnam. Deputy director of the Market and Price Research Institute under the Ministry of Finance Tran Dinh Anh In an interview given to Thoi bao Kinh te Saigon, Anh said: Thoi bao Kinh te [...]
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November 17, 2009
VietNamNet Bridge – Both retailers and their customers are suffering from the sharp dollar price increases. Pointing to a HP DV3 computer, a shopper at Phong Vu in HCM City complained that its price had jumped 900,000 dong in one week. A salesman explained that it is because dollars now cost more. Phong Vu must [...]
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September 8, 2009
VietNamNet Bridge – Economists believe that widening the VND/US$ exchange rate trading band now would help ease dollar hoarding and boost exports. Will devaluing the dong rescue exports? In its assessment of export prospects, The National Socio-economic Forecast and Information Centre (NSFIC) has predicted continued unsatisfactory export performance if the State Bank of Vietnam does not [...]
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