Posts Tagged ‘ The Foreign Currency Supply ’

Zero percent export growth rate also a difficult task

August 7, 2009
Zero percent export growth rate also a difficult task

Though having lowered the targeted export growth rate in its report on the frame plan on socio-economic development by 2010 to zero percent for 2009, the Ministry of Planning and Investment still worries that the goal may not be unattainable. In order to obtain a zero percent growth rate in exports, which means the same [...]

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Gap between free and fixed dollar rates continues to widen

July 22, 2009
Gap between free and fixed dollar rates continues to widen

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 [...]

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Greenback market cools down after days of fever

February 27, 2009
Greenback market cools down after days of fever

VietNamNet Bridge – The greenback price unexpectedly dropped significantly on February 26 after several scorching hot days. The price nearly hit the VND18,000/US$1 threshold, and people were sure that it would break through. But they were wrong. The price level of nearly VND18,000/US$1 could not stand for a long time. The price increase unexpectedly tumbled by [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...