In Vietnam, US dollar appreciation makes some quite happy, leaves others in trouble
Economy 17:35 20/05/2015The State Bank of Vietnam, the central bank of the Southeast Asian country, on May 7 allowed the local currency to lose another one percent against the greenback, after taking the same move in the middle of January
Vietnam cbank to keep USD-VND fluctuating within 2% in 2015 to alleviate dollarization
Economy 16:11 26/12/2014The State Bank of Vietnam (SBV) has said it will keep the exchange rate between the U.S. dollar and the Vietnamese dong changing within two percent next year to help reduce dollarization and stabilize the local currency’s value
Vietnam received over $80.4 bln inbound remittances in 1991-2013
Economy 14:30 21/12/2014Experts predict inward remittances will continue to increase over the period 2015-2016, but will decrease slightly from 2017.
USD-VND forex rate hike not a concern despite soaring price: insiders
Economy 16:00 17/12/2014As the supply of the greenback is still ample, local bank officials, manufacturers and traders say they are not worried about the forex rate increase
Forex rate increases due to psychological and seasonal factors: financial watchdog
Economy 17:00 08/12/2014The fact that the differences in the price of gold bullion in the local and international market continued to expand, and the price of the greenback kept rising over other currencies on the international market, is the main psychological reason behind the rally of the US dollar locally
USD-VND forex rate retreats after cbank’s intervention
Economy 10:30 07/12/2014The foreign exchange rate between the US dollar and the Vietnam dong has fallen back after the information of the intervention in the forex market of the State Bank of Vietnam spread
Inward remittances expected to rise to $12 bln this year
Economy 11:05 01/12/2014During the last 3 years, the amount of inward remittances continued to increase from $9 billion in 2011 to $10 billion in 2012 and $11 billion in 2013
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 cbank vows to intervene in gold market to maintain stability
Economy 11:30 26/05/2014The State Bank of Vietnam has enough gold bullion that can be sold on a large scale to intervene in the local gold market to ensure its stability
State Bank gets tougher on foreign currency management
Economy 17:00 07/11/2013If the draft law of the central bank comes into effect, no foreigners will be permitted to deposit the greenbacks in local banks
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
