Secret weapons in exchange rate operations

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Báo Đầu Tư English 3 month(s) ago

The secret and most important weapons for the State Bank of Vietnam (SBV) to operate the exchange rate are the foreign currency trading volumes and the daily average exchange rate.

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Vietnam eyes cashless market with card payment scheme

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Báo Tuổi Trẻ English 7 month(s) ago

A scheme to promote cashless payment in Vietnam in the 2016-20 period has been approved by Prime Minister Nguyen Xuan Phuc.

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Upward trend in bank interest rates

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Báo Đầu Tư English 8 month(s) ago

At the beginning of December some banks cut deposit interest rates by 0.1-0.2 percentage points.

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Nonghyup Bank opens branch in VN

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Báo điện tử CP English 9 month(s) ago

VGP - The Republic of Korea-based Nonghyup Bank has opened a branch in Ha Noi after receiving an official licence from the State Bank of Viet Nam.

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Bangladesh, Vietnam bank hacks put global lenders on edge

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Báo Thanh Niên English 16 month(s) ago

Bank hacks in Vietnam and Bangladesh have sparked concerns within global banks, some of which are privately pressing the Swift interbank network to shore up security at its 11,000 members.

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NBC reveals interbank fund payment service

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VietStock FI English 17 month(s) ago

The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday.

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China cuts banks' reserve requirement ratio

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Báo Thanh Niên English 19 month(s) ago

China cuts banks' reserve requirement ratio

China’s central bank stepped up efforts to cushion its economic slowdown amid plunging stock prices and a weakening currency, cutting the amount of cash the nation’s lenders must lock away.

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Interbank market rates remain high

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Báo Đầu Tư English 20 month(s) ago

Interbank market rates remain high

Interbank market rates rose steeply from November to December 2015. They reached a two-year peak at five per cent per annum, and remained high till the end of the year at rates that were the same as the borrowing cost of reverse repos via open market operations.

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Central rate up, commercial banks drop rates

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Báo Đầu Tư English 20 month(s) ago 1 related news

Central rate up, commercial banks drop rates

The State Bank of Viet Nam (SBV) levelled the interbank exchange rate in the last two days while local commercial banks reduced theirs.

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Monetary market experiencing tough days

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VOV News English 21 month(s) ago

Monetary market experiencing tough days

The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.

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Monetary market experiencing tough days

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VietnamNet English 21 month(s) ago 2 related news

Monetary market experiencing tough days

VietNamNet Bridge - The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.

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Vietnam changes dollar/dong rate setting frequency; dong dips

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Báo Thanh Niên English 21 month(s) ago 1 related news

Vietnam changes dollar/dong rate setting frequency; dong dips

Vietnam allowed its currency to ease on Monday as it resumed a more flexible foreign exchange policy for interbank dollar/dong transactions, a move that could trigger a gradual devaluation in the local currency.

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Vietnam sets mid-point rate at 21,896 dong/dollar: central bank

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Báo Thanh Niên English 21 month(s) ago 1 related news

Vietnam sets mid-point rate at 21,896 dong/dollar: central bank

Vietnam set the mid-point rate for the dong currency at 21,896 to the dollar for interbank transactions on Monday, the first day it resumed a policy of adjusting the rate on daily basis to allow more flexibility.

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Vietnam to set negative interest for dollar deposits: cbank governor

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Báo Tuổi Trẻ English 21 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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Vietnam's currency drops to limit of trading band for first time

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Báo Thanh Niên English 21 month(s) ago

Vietnam's currency drops to limit of trading band for first time

Vietnam’s dong fell to the limit of its current trading band for the first time, reflecting further pressure to weaken after three devaluations already this year.

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