Dollar keeps sliding in Vietnam as foreign investment boosts supplies

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Báo Thanh Niên English 1 week(s) ago

Dollar keeps sliding in Vietnam as foreign investment boosts supplies

The US dollar has fallen quite sharply in Vietnam this month as ample supplies, boosted by strong foreign investment flows, come at a time when dong savings have become more attractive.

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Techcombank changes CEO

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VietnamNet English 2 week(s) ago

Techcombank changes CEO

VietNamNet Bridge – Mr. Nguyen Le Quoc Anh, Director of Strategy and Bank Development, will temporarily replace Mr. Murat Yuldashev as the CEO of the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).

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BUSINESS IN BRIEF 15/1

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VietnamNet English 3 week(s) ago

BUSINESS IN BRIEF 15/1

Farmers face obstacles selling organic foods

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Banks adjust up short-term deposit rates ahead of Tet

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VOV News English 1 month(s) ago

Banks adjust up short-term deposit rates ahead of Tet

A number of banks are joining a race to hike interest rates for short-term deposits in Vietnam dong by 20 to 80 basis points, coupled with promotion programs, to mobilize more capital for higher lending demand ahead of the Lunar New Year holiday (Tet).

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Businesses, individuals complain about fee on bank deposits

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VietnamNet English 1 month(s) ago 1 related news

Businesses, individuals complain about fee on bank deposits

VietNamNet Bridge - The State Bank of Vietnam (SBV) has vowed to tighten the foreign exchange market as it has been doing with the gold market.

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SBV’s statement on new exchange rate raises concerns

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VietnamNet English 1 month(s) ago 2 related news

SBV’s statement on new exchange rate raises concerns

VietNamNet Bridge - The big change in the exchange rate, if it is made, would cause many depositors to withdraw dollar deposits before maturity, experts have warned, which would create market chaos.

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Vietnam central bank again turns screw on forex market

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Báo Thanh Niên English 1 month(s) ago 1 related news

Vietnam central bank again turns screw on forex market

In yet another effort to prevent speculation in the US dollar, Vietnam's central bank has announced it will issue a dong-dollar reference exchange rate every day, starting Monday, when it was set at VND21,896.

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Zero percent interest rate could lead to bleeding of dollars

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VietnamNet English 1 month(s) ago 1 duplicate news

Zero percent interest rate could lead to bleeding of dollars

VietNamNet Bridge - Analysts have warned that the kieu hoi flow (overseas remittance) to Vietnam would slow, while Vietnamese may deposit dollars at Laos banks instead of Vietnamese as a result of the State Bank’s zero-percent interest rate policy.

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Vietnam’s dollar market cools down as new forex management in sight

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam’s dollar market cools down as new forex management in sight

The disclosure by the State Bank of Vietnam (SBV) on Monday that a new forex management mechanism will be applied in 2016 has had an immediate impact on the market, with U.S. dollar prices going down considerably after reaching the ceiling over the weekend.

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Fees on dollar deposits likely: Vietnam central bank chief

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Báo Thanh Niên English 1 month(s) ago

Fees on dollar deposits likely: Vietnam central bank chief

Vietnam’s central bank may order banks to collect fees for keeping dollars in an attempt to thwart hoarding of the greenback, Governor Nguyen Van Binh has said.

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Vietnam to set negative interest for dollar deposits: cbank governor

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam to set negative interest for dollar deposits: cbank governor

The State Bank of Vietnam may slash interest on deposits in U.S. dollars to even below the current rate of zero to continue its de-dollarization drive, particularly after the FED rate hike, the central bank’s governor has said.

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SBV adjusts compulsory reserves, a sign of 2016 monetary policy

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Báo Đầu Tư English 1 month(s) ago 2 related news

SBV adjusts compulsory reserves, a sign of 2016 monetary policy

The new policy on compulsory reserves, in the eyes of analysts, indicates the SBV's determination to curb interest rates and prepare for interest rate regulation policy in 2016, experts say.

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SBV adjusts compulsory reserves, a sign of 2016 monetary policy

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VOV News English 1 month(s) ago 2 related news

SBV adjusts compulsory reserves, a sign of 2016 monetary policy

The new policy on compulsory reserves, in the eyes of analysts, indicates the SBV's determination to curb interest rates and prepare for interest rate regulation policy in 2016, experts say.

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Vietnam's credit growth quickens to 18 pct in 2015: central bank

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Báo Thanh Niên English 1 month(s) ago

Vietnam's annual credit growth this year is expected to quicken to 18 percent, beating a previous government target of 17 percent, the State Bank of Vietnam said on Thursday.

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SBV adjusts compulsory reserves, a sign of 2016 monetary policy

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VietnamNet English 1 month(s) ago 2 related news

SBV adjusts compulsory reserves, a sign of 2016 monetary policy

VietNamNet Bridge - The new policy on compulsory reserves, in the eyes of analysts, indicates the SBV's determination to curb interest rates and prepare for interest rate regulation policy in 2016, experts say.

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