Posts Tagged ‘ The Foreign Exchange ’

Forex crackdown has eased market tension: expert 

March 25, 2011
Forex crackdown has eased market tension: expert 

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 [...]

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Banking review for 2009

December 24, 2009
Banking review for 2009

LookAtVietnam – Though the State Bank of Vietnam has applied stable interest and exchange rate policies in 2009, the market still see-sawed at times. Monetary policies stable For 2009, monetary policies became more stable than in 2008, when policies were adjusted regularly. In 2008, the basic interest rate was adjusted eight times, the compulsory reserve ratio [...]

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Experts say 2010 will be challenging for enterprises

November 20, 2009
Experts say 2010 will be challenging for enterprises

High-profile experts emphasized in a conference in HCM City that local enterprises will enter the year 2010 with uncertainties and huge challenges. “…Local enterprises will enter the year 2010 with uncertainties and huge challenges.”Truong Dinh Tuyen, former trade minister and a key architect behind Vietnam’s entry into the World Trade Organization, told the conference that [...]

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Giau of State Bank calls gold markets ‘beyond control’

November 17, 2009
Giau of State Bank calls gold markets ‘beyond control’

Under questioning by NA deputies on November 17, the State Bank Governor denied that it was an imbalance of supply and demand that caused gold prices to rocket recently. State Bank Governor Nguyen Van Giau. Though almost all the questions for the governor were long, his answers were very short. Unsatisfied, several deputies rose in protest. A [...]

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Stimulus package exacts its toll

November 13, 2009
Stimulus package exacts its toll

The government’s stimulus package has come with a cost as inflation has recently been on the rise again. While it has staved off the worst impacts of the global crisis, Vietnam needs to phase out government stimulus, says IMF Senior Resident Representative Benedict Bingham. Thanh Nien: How has the stimulus package contributed to Vietnam’s economic [...]

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Forex market strained as demand overtakes dollar supply

May 18, 2009
Forex market strained as demand overtakes dollar supply

Tellers count dollar notes at an Eximbank branch in Ho Chi Minh City The foreign exchange market has become strained as firms’ demand for dollars has exceeded purchased supplies of commercial banks, forcing many firms to buy the greenback on the black market at higher prices. The situation has developed over the last three weeks, [...]

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Yield caps, forex woes slow dollar bond sales

April 1, 2009
Yield caps, forex woes slow dollar bond sales

LookAtVietnam – Only 76.7 per cent of Viet Nam’s first US dollar-denominated Government bonds sold in three auctions last month at the Ha Noi Securities Trading Centre, but many experts are nevertheless calling the bond issue a success. “It was a good attempt by the Government, particularly as the Government demonstrated that it was able [...]

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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...