Last updated: Thursday, March 24, 2011
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,...
Last updated: Friday, 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 slid to a record low against the dollar.
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Last updated: Friday, February 25, 2011
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...
Last updated: Thursday, August 19, 2010
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...
Last updated: Wednesday, August 18, 2010
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...
Last updated: Wednesday, August 11, 2010
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...
Last updated: Sunday, July 18, 2010
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...
Last updated: Tuesday, June 8, 2010
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...
Last updated: Saturday, June 5, 2010
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...
Last updated: Wednesday, June 2, 2010
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...
