» The Dong

  Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m....

Tags: Central Bank, Interest Rates, The Central Bank, The Dong

  Vietnam’s government may weaken the dong this year as gold buying puts downward pressure on the currency, according to economists who advise the prime minister. The country may adjust the dong-dollar reference rate by five percent to six percent in 2012, the National Financial Supervisory Commission...

Tags: The Dong

  Vietnam’s dong gained, halting a three-day loss, after the central bank pumped in dollars to the currency market amid rising demand for the greenback. Bonds rose. The State Bank of Vietnam sold $150 million this month to stabilize the dong, the Thoi Bao Ngan Hang newspaper reported Friday. The currency...

Tags: The Dong

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...

Tags: Central Bank, Dollar Loans, Exchange Rate, The Central, The Central Bank, The Dong, The Exchange, The Exchange Rate

  Vietnam’s central bank increased its refinancing rate for the first time since May, as the nation tries to steady its currency and tame Asia’s fastest inflation. The State Bank of Vietnam raised the refinancing rate to 15 percent from 14 percent, effective Oct. 10, it said in a statement on its...

Tags: 14 Percent, Central Bank, Per Dollar, Rate Increase, Refinancing Rate, The Central, The Central Bank, The Dong, the first, The Rate Increase, The State Bank

A tower being built on the Pearl River in Guangzhou. Environmental activists say that Vietnam’s poisoned Dong Nai River could meet the same fate as a heavily toxic river in China if serious measures aren’t taken soon. According to a leaked cable from the US Consulate in Guangzhou, China, to the State Department...

Tags: Dong Nai, Dong Nai River, Nai River, Pearl River, The Dong, The Dong Nai, The Dong Nai River, The Pearl, The Pearl River

Foreign debt accounted for 42.2 percent of Vietnam’s GDP in 2010, up from 39 percent in 2009. Vietnam should focus on decreasing the current account deficit and approaching foreign exchange rate fluctuation with caution, economist Tran Du Lich told Thanh Nien Weekly in an interview. Thanh Nien Weekly: Foreign debt accounted...

Tags: Account Deficit, Current Account, Current Account Deficit, Foreign Debt, Japanese Yen, Long Term, Thanh Nien, Thanh Nien Weekly, The Current Account, The Current Account Deficit, The Debt, The Dong, The Dong Devaluation, The Issue

  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...

Tags: Central Bank, Exchange Rate, Foreign Exchange, The Central, The Central Bank, The Dong, The Sbv

  Vietnam’s central bank said it will raise compulsory reserve ratios for foreign currency deposits from next month, the third increase this year as it strives to shore up the local currency and discourage the use of dollars. The move will effectively make it more expensive for banks to deal in dollars,...

Tags: Central Bank, Central Bank Said, Foreign Currency Deposits, The Central, The Central Bank, The Dong, The State Bank

Scientists say two upcoming dam projects could badly damage the Cat Tien National Park ecosystem. The investor of two controversial hydropower projects planned near a protected jungle in southern Vietnam has admitted the dams would affect the jungle’s biodiversity, but maintained that they are needed...

Tags: Cat Tien, Dong Nai, Dong Nai River, National Park, On The Park, The Dams, The Dong, The Dong Nai, The Dong Nai River, The Park, Tien National Park, To The Park