November 26, 2011
An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Vietnam’s central bank unveiled plans to create a three-tiered financial industry dominated by 15 lenders as part of efforts to allay concerns over the nation’s banking system. The country aims to have 15 “big” banks by [...]
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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 [...]
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April 8, 2009
Banks in Vietnam are neither exposed to toxic products nor owned to a large extent by exposed foreign banks, the World Bank said in a report Tuesday The direct impact of the global financial crisis on Vietnam is minimal, the World Bank said Tuesday, but warned that the nationâs economy may face difficulties caused by [...]
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