Last updated: Monday, 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 until the end of the...
Last updated: Friday, September 9, 2011
The dong’s chronic weakness has repelled foreign investors and hampered attempts by Vietnam’s policymakers to reverse the faltering fortunes of an economy that only five years ago was one of Asia’s most promising.
Until Vietnam rebuilds trust by decisively taming the region’s worst...
Last updated: Saturday, August 13, 2011
After holding steady for months against the dollar, the Vietnamese dong began to show signs of weakening this week
The Vietnamese dong has weakened after holding steady for months against the dollar, following a gold hoarding panic over the weekend. Commercial banks lowered the dong against the dollar on Thursday, increasing...
Last updated: Monday, October 18, 2010
Soft drinks imported despite local products; Call to boost faith in dong; Demand for essential goods to increase
Soft drinks imported despite local products
Softdrink maker Coca-Cola has three factories in the country, but around US$900,000 has been spent since the beginning of this year to import the drink, according to the HCM City Customs...
Last updated: Thursday, September 23, 2010
Violations in real estate price quotations are so popular that people think that quoting prices in dollar is inevitable.
VietNamNet Bridge – Violations in real estate price quotations are so popular that people think that quoting prices in dollar is inevitable. Yet this practice benefits only the sellers, while buyers bear the burden...
Last updated: Friday, September 17, 2010
SBV has released a document urging Hanoi and HCM City branches to strengthen inspections of real estate transactions made in dollars.
VnnNews – The State Bank of Vietnam (SBV) has released a document urging Hanoi and HCM City branches to strengthen inspections of real estate transactions made in dollars. The move is part of an effort...
Last updated: Tuesday, August 31, 2010
VnnNews – Analysts have warned that the price of cars will increase as a result of the dong/dollar exchange rate adjustment.
VnnNews – Analysts have warned that the price of cars will increase as a result of the dong/dollar exchange rate adjustment.< />
Car dealers slash prices despite VAT
Stalled sales disheartens...
Last updated: Wednesday, August 25, 2010
What are businesses doing in response to the State Bank of Vietnam’s decision to devalue the dong/dollar exchange rate by two percent?
VnnNews – What are businesses doing in response to the State Bank of Vietnam’s decision to devalue the dong/dollar exchange rate by two percent? They have to be more cautious when considering...
Last updated: Wednesday, August 25, 2010
A deputy chairman of the National Assembly’s Economic Committee says the two percent devaluation was correct, but must be followed by measures to lower interest rates
VnnNews – A deputy chairman of the National Assembly’s Economic Committee says the State Bank of Vietnam’s two percent devaluation was correct, but must...
Last updated: Tuesday, August 24, 2010
A deputy chairman of the National Assembly’s Economic Committee says the two percent devaluation was correct, but must be followed by measures to lower interest rates
VnnNews – A deputy chairman of the National Assembly’s Economic Committee says the State Bank of Vietnam’s two percent devaluation was correct, but must...
