Vietnam has reasons not to sharply devalue the dong

0 vote(s)Comment

VietnamNet English 7 day(s) ago

Vietnam has reasons not to sharply devalue the dong

VietNamNet Bridge - If Vietnam devalues the dong sharply, regulatory agencies will find it difficult to implement the plan to slash medium- and long-term bank loan interest rates, and the public debt will become worse.

Keywords: 

Vietnam to keep foreign exchange rate stable till year-end: cbank

0 vote(s)Comment

Báo Tuổi Trẻ English 1 week(s) ago 2 related news

Vietnam to keep foreign exchange rate stable till year-end: cbank

The State Bank of Vietnam (SBV), the country’s central bank, will not make any adjustments to the foreign exchange rate between the dong and the U.S. dollar from now until the end of 2015, after the currency has been weakened three times so far this year.

Keywords: 

No further dong rate changes this year, central bank says

0 vote(s)Comment

Báo Thanh Niên English 1 week(s) ago 2 related news

No further dong rate changes this year, central bank says

Vietnam's central bank said it will not make any further changes to the dollar/dong exchange rate in 2015 after three devaluations this year.

Keywords: 

SBV makes third exchange rate adjustment this year

0 vote(s)Comment

Báo Đầu Tư English 1 week(s) ago

SBV makes third exchange rate adjustment this year

On August 19, the State Bank of Vietnam (SBV) increased the average interbank dollar exchange rate by 1 per cent from VND21,673 to VND21,890. The SBV also increased the trading band from +/-2 per cent out to +/-3 per cent. As a result, the ceiling price is now VND22,547, while the floor price is VND21,233 per $1. These moves followed changes made on August 12, when the SBV expanded the trading band from +/-1 per cent to +/-2 per cent.

Keywords: 

State Bank explains exchange rate adjustments

0 vote(s)Comment

VOV News English 2 week(s) ago 1 duplicate news

State Bank explains exchange rate adjustments

Nguyen Thi Hong, Deputy Governor of the State Bank of Vietnam (SBV), on August 19 met the media to explain the SBV’s decision to raise the interbank USD/VND exchange rate and adjust the trading band two times within one week.

Keywords: 

Vietnam devalues dong to protect exports, offset China's yuan action

0 vote(s)Comment

Báo Thanh Niên English 2 week(s) ago 2 related news

Vietnam devalues dong to protect exports, offset China's yuan action

Vietnam devalued the dong for the third time this year on Wednesday, as authorities sought to support a languid export sector facing fresh challenges from a surprise devaluation of the Chinese yuan.

Keywords: 

Vietnam devalues dong by 1%, widens trading bank to 3%

0 vote(s)Comment

Báo Tuổi Trẻ English 2 week(s) ago 1 duplicate news 2 related news

Vietnam devalues dong by 1%, widens trading bank to 3%

The State Bank of Vietnam (SBV), the country’s central bank, on Wednesday depreciated the dong by one percent against the U.S. dollar in the latest move to cope with the devaluation of the Chinese yuan last week.

Keywords: 

Vietnam widens dollar/dong trading band to 3 pct

0 vote(s)Comment

Báo Thanh Niên English 2 week(s) ago 2 related news

Vietnam widens dollar/dong trading band to 3 pct

Vietnam has widened the trading band for interbank dollar/dong transactions to 3 percent from 2 percent, the second move in a week, to protect the country's export position and maintain stability in the foreign exchange market, the central bank said on Wednesday.

Keywords: 

Hanoi, Taiwan stock exchanges collaborate in corporate governance

0 vote(s)Comment

VOV News English 2 week(s) ago

A delegation of the Taiwan Stock Exchange Corporation (TWSE) shared its corporate governance experiences with the Hanoi Stock Exchange (HNX) on August 13 and 14.

Keywords: 

Vietnam cbank counters yuan devaluation to buck external risks to national economy

0 vote(s)Comment

Báo Đầu Tư English 3 week(s) ago

Vietnam cbank counters yuan devaluation to buck external risks to national economy

The swift move of Vietnam’s central bank on Wednesday in response to the devaluation of the Chinese yuan will fortify the local banking and financial system so that it will stand firmly against any external destabilizing factors, according to a senior official of the State Bank of Vietnam (SBV).

Keywords: 

Vietnam cbank counters yuan devaluation to buck external risks to national economy

0 vote(s)Comment

Báo Tuổi Trẻ English 3 week(s) ago 1 related news

Vietnam cbank counters yuan devaluation to buck external risks to national economy

The swift move of Vietnam’s central bank on Wednesday in response to the devaluation of the Chinese yuan will fortify the local banking and financial system so that it will stand firmly against any external destabilizing factors, according to a senior official of the State Bank of Vietnam (SBV).

Keywords: 

Vietnam doubles currency trading band to counter yuan fall

0 vote(s)Comment

Báo Thanh Niên English 3 week(s) ago 4 related news

Vietnam doubles currency trading band to counter yuan fall

Vietnam doubled its trading band for interbank dollar/dong transactions on Wednesday, aiming to protect its exports by countering the adverse affects of a strengthening dollar and yuan devaluation, the central bank said.

Keywords: 

VN central bank widens exchange rate band

0 vote(s)Comment

VietnamNet English 3 week(s) ago 1 related news

VN central bank widens exchange rate band

On the morning of August 12 the State Bank of Vietnam (SBV) announced that, under Decision No. 1595/QD-NHNN dated August 11, the exchange rate band will increase from +/- 1 per cent to +/-2 per cent, effective August 12.

Keywords: 

Vietnam adjusts currency trading band to cope with yuan devaluation

0 vote(s)Comment

Báo Tuổi Trẻ English 3 week(s) ago 4 related news

Vietnam adjusts currency trading band to cope with yuan devaluation

The State Bank of Vietnam (SBV) on Wednesday allowed the Vietnamese dong to be traded more flexibly within a widened trading band in response to China’s depreciation of its currency, the Chinese yuan.

Keywords: 

Abundant liquidity key driver in OMO development

0 vote(s)Comment

Báo Đầu Tư English 1 month(s) ago

Abundant liquidity key driver in OMO development

During the second quarter of 2015, the State Bank of Vietnam (SBV) withdrew large amounts of funds by issuing bills. At the same time, banks had little demand for borrowing from the SBV, demonstrated by the limited value of reverse repo transactions. Ample banking liquidity, limited issuance in the primary bond market in line with large foreign capital inflows were likely the most important drivers.

Keywords: 

Top page