Forex trading platforms against Vietnamese law: officials
Forex schemes are tempting new investors with promises of absurd profit rates
Vietnam’s forex reserves at all-time high of $92bn: gov’t
The reserves grew $40.5 billion in less than three years
Vietnam c.bank’s reference VND/USD exchange rate at all-time high
On Tuesday, the daily reference exchange rate passed the VND23,000-per-USD mark for the first time since 2015
Payment in foreign currencies rampant in Vietnam despite illegality
Fines of up to US$10,700 are applicable to those who pay in foreign currencies in Vietnam
US dollar losing charm as investment haven in Vietnam
The State Bank of Vietnam takes credit for its resolute effort to keep the foreign exchange rate stable
US dollar takes deep plunge in Vietnam ahead of Tet holiday
Experts attribute the sudden plunge to a heavy sell-off of dollars in exchange for Vietnamese dong ahead of the Lunar New Year
Vietnamese dong strengthens following cbank’s new rules on forex management
The Vietnamese dong has risen in value against the U.S. dollar for the first time, bringing the rate of the greenback quoted at commercial banks to lower than the VND22,475 per dollar cap set by the central bank on August 19
Despite devaluation, holding Vietnamese dong still more beneficial: official
Though the Vietnamese dong has been depreciated by around five percent this year, depositing it in banks is still more profitable than doing so with the U.S. dollar in the long run
Vietnam should consider attracting capital outflow from China after yuan devaluation: official
How to attract a portion of hundreds of billions of U.S. dollars leaving China following the depreciation of the Chinese yuan is more important than trying to avert the impact by devaluating the Vietnamese dong, an official has said
Vietnam cbank counters yuan devaluation to buck external risks to national economy
The swift move of Vietnam’s central bank in response to the devaluation of the Chinese yuan on Wednesday will fortify the local banking and financial system so that it will stand firmly against any external destabilizing factors