November 30, 2009
LookAtVietnam – Export companies are delighted by the new decision by the State Bank of Vietnam to adjust the dong/dollar rate. The weaker dong means bigger profits. Ben Tre Seafood Import-Export Company (ABT) calculated that the company will make 800 dong in profit for every dollar’s worth of exports. They expect to operate well in [...]
Tags: basic, Basic Interest, Basic Interest Rate, billion, Billion Dong, company, dollar, Dollar Price, Dollar Price Increases, Eight Percent, Have Increased, higher, Importers And Producers, In The Bank, increase, increased, increases, interest, Interest rate, Lending Interest, Lending Interest Rate, Meanwhile, money, No Plans, Per annum, percent, Percent Per, Percent Per Annum, price, Price Increases, prices, producers, profit, Raise Prices, The bank, The Basic, The Basic Interest, The Basic Interest Rate, The company, The Dollar, The Dollar Price, The Dollar Price Increases, The Weaker, The Weaker Dong, They Cannot, To Eight Percent, Weaker, Weaker Dong
Posted in Business, News | Comments Off
November 26, 2009
LookAtVietnam – SBV this morning decided to raise the basic interest rate and adjust both the official exchange rate and trading band. Analysts say the central bank has chosen to take drastic measures to stabilize an overly hot market instead of taking more gradual, smaller steps. A series of decisions were released by Governor of the [...]
Tags: Also Decided, Annum, banks, basic, Basic Interest, Basic Interest Rate, By Commercial Banks, Central, Central bank, Commercial banks, credit, Credit Growth, currency, Currency Market, current, Decided, Decisions Were Released, dollar, Dollar Price, Dong Per, Dong Per Dollar, Drastic Measures, Eight Percent, Eight Percent Per, Eight Percent Per Annum, exchange, Exchange rate, Foreign, Foreign Currencies, Foreign Currency, Foreign Currency Market, growth, Has Also Decided, Help Ease, higher, interest, Interest rate, market, measures, Of Vietnam Has, Of Vietnam Has Also, overly, Per annum, Per Dollar, percent, Percent Over, Percent Per, Percent Per Annum, Quoted, Rate The State, Rate The State Bank, released, state, State bank, The Basic, The Basic Interest, The Basic Interest Rate, The central, The central bank, The current, The exchange, The Exchange Rate, The ministry, The new, The state, The state bank, The Trading, The Trading Band, This Morning, Three, Three Percent, To Eight Percent, To Eight Percent Per, To Raise The, trading, Trading Band, Vietnam, Vietnam Has Also, Vietnam Has Also Decided, Were Released
Posted in Business, News | Comments Off
