October 10, 2011
The central bank aims to keep the exchange rate stable The State Bank of Vietnam said it will keep the exchange rate stable, even as the dong has showed signs of weakening due to increasing dollar purchases for import and debt payments. The central bank said last week it aims to keep the rate stable [...]
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October 8, 2011
Vietnam’s central bank increased its refinancing rate for the first time since May, as the nation tries to steady its currency and tame Asia’s fastest inflation. The State Bank of Vietnam raised the refinancing rate to 15 percent from 14 percent, effective Oct. 10, it said in a statement on its website Thursday. The [...]
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September 24, 2011
Workers clean the Keangnam residence tower in Hanoi September 20, 2011. Like many hoping for easy cash in Vietnam’s property market, Nguyen Thu Huong borrowed VND500 million ($24,000) from a bank in April to buy a new flat she didn’t need and planned to flip. The only question, she thought, was how big the [...]
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July 13, 2011
The Vietnamese central bank’s decision to cut its repurchase rate last week may call into question the government’s determination to fight inflation, the International Monetary Fund said. The State Bank of Vietnam lowered the repo rate for the seven-day term on July 4 to 14 percent from 15 percent. The central bank had boosted [...]
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June 1, 2011
Women work at a plastic factory, which makes plastic parts for electronic production, in Que Vo District, outside Hanoi. Constrexim’s main products are interior furnishings like wardrobes, chairs and tables, but the company no longer finds it worthwhile to make them. It has shifted to making semi-finished products, mainly wooden planks, that are sold to [...]
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May 1, 2011
An estimated 30-40 percent of Vietnamese prostitutes are infected with HIV, according to an announcement made Wednesday by the Social Ills Prevention Department in Ho Chi Minh City. "Prostitutes have the third highest rate of HIV infection after drug users and homosexual men," said the department deputy chief Le Thi Ha. The rate of [...]
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April 22, 2011
A chubby baby is smiling in front of a portrait of Mao Zedong in Tiananmen Square in Beijing. An expectant mother’s diet during pregnancy can alter her baby’s DNA in the womb, increasing its risk of obesity, heart disease and diabetes in later life, an international study has found. Researchers said the study provided the [...]
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April 16, 2011
Local banks have lowered their interest rates on dollar deposits. Economists and bankers are expecting a switch from dollar holdings to dong assets after the central bank capped the interest rate on dollar deposits. The State Bank of Vietnam has capped dollar deposit rates at 3 percent for individuals and 1 percent for institutions, effective [...]
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March 8, 2011
A meeting held by the Vietnamese Father Front before the National Assembly elections on May 22 More non-party members should become National Assembly delegates while the number of parliamentarians from executive and judicial agencies should be reduced, the Vietnam Fatherland Front said at a meeting held to discuss elections to be held in May. Â [...]
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February 5, 2010
Vietnam’s central bank said on Tuesday it would not raise its benchmark base rate for dong loans before Tet, the country’s largest festival to mark the Lunar New Year, which starts on Feb. 13. Asked if there was any possibility of changing the rate before Tet, State Bank of Vietnam Governor Nguyen Van Giau said: [...]
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