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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...

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Customers shop for household appliances in downtown Hanoi. Prices of many imported products, including phones, milk and confectionery, have not been cut despite a decline in the dollar. Although dollar values have fallen sharply recently, most traders in imported products have not reduced their prices accordingly, citing increased...

Tags: Prices But They, The Dollar, Their Prices, When Dollar Prices

  New central bank directives to reduce dollar hoarding, economist says A local commercial bank staff receives bricks of dong bank notes from a customer in Hanoi. A government advisor says people will soon start saving their money in dong. A new cap on dollar deposit...

Tags: Dollar Deposits, Dollar Loans, Foreign Currency, Interest Rates, On Dollar Deposits, Overseas Remittances, Reserve Ratio, Reserve Ratio Increase, The Dollar, The Government

Dollar deposit interest rates are rising. The banking market may witness a new race to mobilize capital in foreign currencies. VietNamNet Bridge – Dollar deposit interest rates are rising.  Presumably this will suck dollars out from under mattresses, thus easing the recent imbalance in dollar supply and demand.  The banking...

Tags: Deposit Interest, Deposit Interest Rates, Dollar Deposit, Dollar Deposit Interest, Dollar Deposit Interest Rates, Dong Per Dollar, Interest Rates, The Dollar

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...

Tags: Business Will Have, Dollar Price, Dong Per, Dong Per Dollar, Exchange Rate, Exchange Rate Fluctuations, For Six Months, Million Dong, Per Dollar, The Business, The Dollar, The Dollar Price, The Exchange, The Exchange Rate

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

VnnNews – Experts have warned that the dong/dollar exchange rate would bear greater pressure towards the end of the year. VnnNews – Experts have warned that the dong/dollar exchange rate would bear greater pressure towards the end of the year. The price of the dollar on the black market has increased, while businesses complain...

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VnnNews – The dollar purchase prices quoted by commercial banks now tend to increase VnnNews – The dollar purchase prices quoted by commercial banks now tend to increase, though the sales prices remain at ceiling levels. Businesses complain that they meet difficulties when trying to buy dollars.   Shipping companies refuse...

Tags: By Commercial Banks, Commercial Banks, Dong Per, Dong Per Dollar, Foreign Currencies, Higher Than The, In Foreign Currencies, Of The Year, Per Dollar, The Dollar, The Year

VietNamNet Bridge – The dong/dollar exchange rate in the last few days has increased rapidly VietNamNet Bridge – The dong/dollar exchange rate in the last few days in the black market and the rate quoted by commercial banks both have increased rapidly, surprising many people because the official interbank exchange rate has...

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VnnNews – Vietnamese economists say the appreciation of the Chinese currency can lift Vietnam’s exports. VnnNews – Vietnamese economists say the appreciation of the Chinese currency can lift Vietnam’s exports.< />   At Lao Cai international border gate The Chinese Government has been prevailed on to...

Tags: Against The Dollar, Chinese Goods, Chinese Yuan, Of The Yuan, Take Full Advantage, The Chinese, The Chinese Yuan, The Dollar, The Yuan, Trade Deficit