February 25, 2011
A man places stacks of dong and US dollar notes inside a bag at a bank in Ho Chi Minh City. The State Bank of Vietnam devalued the dong by 9.3 percent on February 11 in an effort to minimize the gap between the official and black market exchange rates. Following the move, the dong [...]
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December 31, 2009
Vietnam will close around 20 gold trading floors that allow investors to leverage bets on the precious metal, the central bank said on Thursday, part of measures to stabilize the countryâs foreign exchange market. The State Bank of Vietnam, the central bank, said in a statement that gold trading instruments must be withdrawn by March [...]
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December 3, 2009
LookAtVietnam – Vietnam’s Government said on Tuesday it would stop stimulus in the year-end, three months earlier than expected, citing rapid credit growth as a key reason. The Government keeps subsidizing loans extended to farmers and rural areas as well as medium- and long-term bank loans, but the level of subsidization will be reviewed.This is [...]
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September 1, 2009
LookAtVietnam – The sugar shortage became so serious in August that some supermarkets imposed limits on the amount of sugar customers could purchase. Co-op Mart, which is considered the biggest retailer in HCM City, set a new policy limiting the volume of sugar sold to customers from August 12 to August 30. All 38 supermarkets [...]
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