State-run conglomerates eye power price hike to offset losses caused by VND devaluation
Economy 11:29 14/09/2015They have wanted to hike the power bill to compensate for losses incurred during the past years, but every time they like to do so, they have to find a reason. This time, the reason is Vietnamese dong devaluation
Cbank buys greenback to anchor Vietnam dong value as boost for export
Economy 16:30 20/07/2014The State Bank of Vietnam earlier this month bought a huge volume of U.S. dollars in an effort to prevent the greenback from devaluing against the local currency, the Vietnam dong, as it tried to keep its word on stabilizing the dong value to support local exporters
Investing in dollar not as profitable as in Vietnam dong: finance watchdog
Economy 15:32 22/06/2014Truong Van Phuoc, deputy chairman of the National Financial Supervisory Commission, said that hoarding the U.S. dollar will not be a trend as the central bank has devalued the dong by one percent
Vietnam state bank devalues dong to support export
Economy 14:54 22/06/2014The recent devaluation of the Vietnam dong is a proactive move of the State Bank of Vietnam to support exports in the last six months of 2014, thereby supporting economic growth
Cbank raises bid price for US dollar
Economy 12:00 11/08/2013It is an unexpected move as the central bank had held the rate steadily for over one month after the devaluation in late June
No dong devaluation in foreseeable future: Cbank
Economy 10:30 12/07/2013The latest pressure on the foreign exchange rate between the Vietnam dong and the US dollar days is largely dominated by psychological factors, said the central bank’s deputy governor, Le Minh Hung
