» State Bank

A staff member counts US dollar notes at a bank in Ho Chi Minh City The dong has strengthened against the dollar and dollar-denominated deposits have increased over the past week after the central bank clamped down on foreign exchange transactions in the unofficial market. On Thursday, the dollar traded at Vietcombank at VND20,865,...

Tags: Foreign Currencies, Foreign Currency, Foreign Currency Trading, Foreign Exchange, State Bank, The Black Market, The Foreign, The Government, The Habit, The State Bank, To Buy Foreign

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 slid to a record low against the dollar. More...

Tags: And Black Market, And Black Market Exchange, Between The Official, Between The Official And, Black Market, Black Market Exchange, Black Market Exchange Rates, Currency Reserves, Exchange Rates, Foreign Currency, Gap Between The, Gap Between The Official, Interest Rates, Market Exchange Rates, Of Vietnam Could, Official And Black, Official And Black Market, State Bank, The Currency, The Dong, The Gap, The Gap Between, The Gap Between The, The Official And, The Official And Black, The State, The State Bank

  Inflation could negate Vietnam’s development gains, says economist With prices continually on the rise, many consumers in Vietnam now have to think carefully before they buy milk products. Nguyen Thu Trang cannot escape a feeling of shock and dread as she shops for formula...

Tags: Percent This Year, Repurchase Rate, Reverse Repurchase Rate, State Bank, The Dong, The Government, The State, The State Bank, This Year, To Curb Inflation

Le Xuan Nghia, an economist, said that State Bank policies have distorted the credit market and complicated foreign exchange management. VnnNews – Le Xuan Nghia, Deputy Chairman of the National Finance Supervision Council, told participants in a top level workshop that State Bank policies have distorted the credit market and complicated...

Tags: Commercial Banks, Dollar Price, Exchange Rate, Foreign Currency, Foreign Exchange, Interest Rates, Lending Interest, Rdquo Nghia, State Bank, Supply And Demand, The Black Market, The Dollar, The Dong

Late on Tuesday, August 17, SBV announced it would drop the dong’s value against the US dollar rate by two percent. VietNamNet Bridge – Late on Tuesday, August 17, the State Bank of Vietnam (SBV) announced it would drop the dong’s value against the US dollar rate by two percent. The black market adjusted immediately.   US...

Tags: Black Market, Black Market Dollar, Black Market Dollar Price, Dollar Price, Dong Per, Dong Per Dollar, Exchange Rate, Interbank Exchange Rate, Market Dollar, Market Dollar Price, Per Dollar, State Bank, The Bank, The Black, The Black Market, The Interbank, The State Bank

Bankers say State Bank requirements that they raise their capital adequacy ratio by 1 October 2010 will handicap banks and businesses VietNamNet Bridge – Bankers, backed by economists, say State Bank requirements that they raise their capital adequacy ratio by 1 October 2010 will handicap banks and businesses and hinder economic growth.   Banks...

Tags: Banks Can Use, From The Public, High Interest Rates, Interest Rates, Interest Rates Are, Mobilized Capital, State Bank, The State Bank

First int’ l standard trade centre opens in Hanoi; PTSC buys another oil tanker; US firm supports Vietnam’s testing micro-modular data centre; Vietnam’s 1st private chopper to arrive soon; New bank laws win praise  First int’ l standard trade centre opens in Hanoi Grand Plaza, the first international standard...

Tags: Chi Minh, Chi Minh City, Data Centre, Dot Vn, For Businesses And, Fpso Ruby, Ho Chi, Ho Chi Minh, Ho Chi Minh City, Micro Modular, Micro Modular Data, Micro Modular Data Centre, Minh City, Modular Data, Modular Data Centre, Ruby Ii, State Bank, The Bank, The Country, the first, The Fpso Ruby, The State, The State Bank

Some days ago, people had doubts about the possibility of forcing interest rates down. However, now they have every reason to believe interest rates will be lowered. VnnNews – Just some days ago, people had doubts about the possibility of forcing interest rates down. However, now they have every reason to believe interest rates...

Tags: And Long Term, Commercial Banks, Interest Rate, Interest Rates, Last Year, Medium And Long, Medium And Long Term, Outstanding Loans, Over The Same, Over The Same Period, Overnight Interest, Percent Over, Percent Over The, Percent Over The Same, Same Period, State Bank, Term Outstanding Loans, The Same Period, The State, The State Bank, Total Outstanding Loans

Still, we have to wait until depositors accept lower deposit rates, then banks can lower lending rates Still, we have to wait until depositors accept lower deposit rates, then banks can lower lending rates < />   High lending interest rates strangle businesses SBV will inspect banks with overly high interest rates With capital more...

Tags: Cent Per, Cent Per Year, Interest Rates, Lending Rates, Per Cent, Per Cent Per, Per Cent Per Year, Per Year, State Bank, The State Bank

Foreign financial institutions active in Vietnam have called ‘unreasonable’ a tentative requirement that they increase their chartered capital to five trillion dong by 2012, and ten trillion dong by 2015. VietNamNet Bridge – Foreign financial institutions active in Vietnam have called ‘unreasonable’ a tentative...

Tags: Bank Branches, Chartered Capital, Commercial Banks, Draft Document, Foreign Bank, Foreign Bank Branches, State Bank, The Draft, The Draft Document, The State, The State Bank, To Foreign Bank, To Foreign Bank Branches