Central bank says to keep forex rate stable

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VietnamPlus English 19 hour(s) ago

Central bank says to keep forex rate stable

The State Bank of Vietnam (SBV) will not adjust the Vietnamese dong-US dollar exchange rate despite an increase in the price of USD on the world market, SBV Deputy Governor Nguyen Thi Hong said to the Vietnam News Agency on March 25.

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Vietnam says no changes to dollar/dong rate

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

Vietnam says no changes to dollar/dong rate

Vietnam's central bank will keep unchanged the dollar/dong exchange rate to facilitate both exports and imports, a deputy governor said on Wednesday, against recent market expectations of a depreciation of the Vietnamese dong.

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Earth Hour event to take place in Bangkok on March 28

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VietnamPlus English 1 day(s) ago

The Bangkok Metropolitan Administration (BMA) will be holding the 60 Earth Hour 2015 activity on March 28 to raise public awareness and participate in solving the climate issue by turning off their unused electrical appliances, said Deputy Governor.

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Construction bank needs $1.9 billion to restructure operations

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Báo Đầu Tư English 2 week(s) ago

Construction bank needs $1.9 billion to restructure operations

Viet Nam Construction Joint Stock Commercial Bank (VNCB) needs VND40 trillion (US$1.9 billion) to restructure its operations, said Deputy Governor of the State Bank of Viet Nam Nguyen Phuoc Thanh.

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Vietnam cbank mulls acquiring GP.Bank, Ocean Bank following construction bank buyout

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

Vietnam cbank mulls acquiring GP.Bank, Ocean Bank following construction bank buyout

The State Bank of Vietnam (SBV) is considering taking over other loss-making local financial institutions including the unlisted GP.Bank and Ocean Bank, according to Deputy Governor Nguyen Phuoc Thanh.

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Vietnam cbank mulls acquiring GP.Bank, Ocean Bank following construction bank buyout

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

Vietnam cbank mulls acquiring GP.Bank, Ocean Bank following construction bank buyout

The State Bank of Vietnam (SBV) is considering taking over other loss-making local financial institutions including the unlisted GP.Bank and Ocean Bank, according to Deputy Governor Nguyen Phuoc Thanh.

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GPBank to be nationalized, Ocean Bank may follow

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VietnamNet English 3 week(s) ago 1 related news

GPBank to be nationalized, Ocean Bank may follow

VietNamNet Bridge – The State Bank of Vietnam (SBV) plans to nationalize GPBank, and then possibly Ocean Bank if the bank is unable to handle its problems.

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Local authorities check on HSBC’s secret Swiss accounts

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Báo Dân Trí English 1 month(s) ago

Local authorities check on HSBC’s secret Swiss accounts

Deputy Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) said yesterday that SBV will initiate a formal investigation into the 26 HSBC Holdings Plc.’s Swiss unit accounts that are registered under the names of Vietnamese citizens and suspected of tax evasion.

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In-depth monetary market management

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VietnamPlus English 1 month(s) ago 1 related news

The word "belief" has cropped up often during the recent months when one talks about the monetary market and the management policies by the State Bank of Vietnam (SBV). The central bank has adopted a series of measures, as well as made explicit moves to stabilise the market, but a number of people still worry if the policies have been able to lay the foundation for market stability in the future. The Vietnam News Agency spoke to the Deputy Governor...

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Local authorities check on HSBC’s secret Swiss accounts

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Báo Đầu Tư English 1 month(s) ago

Local authorities check on HSBC’s secret Swiss accounts

Deputy Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) said yesterday that SBV will initiate a formal investigation into the 26 HSBC Holdings Plc.’s Swiss unit accounts that are registered under the names of Vietnamese citizens and suspected of tax evasion.

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SBV appoints new deputy governor

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VietNam News English 1 month(s) ago

The State Bank of Viet Nam (SBV) now has a new deputy governor.

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PM ratifies Deputy Ministers, Vice Chairman

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Báo điện tử CP English 1 month(s) ago 1 related news

VGP – The PM has agreed with the appointment of some leaders of the Ministry of Information and Communications (MIC) and the State Bank of Viet Nam (SBV) and the election of officials for the central province of Quang Tri.

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No limit to foreign-ownership in weak banks: SBV

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VietnamNet English 1 month(s) ago

No limit to foreign-ownership in weak banks: SBV

VietNamNet Bridge – The government of Vietnam is considering raising the ceiling on foreign ownership in weak banks which are undergoing restructuring, Deputy Governor of the State Bank Nguyen Phuoc Thanh said.

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Vietnam’s state-run lender to operate loss-making bank acquired by cbank

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam’s state-run lender to operate loss-making bank acquired by cbank

Vietcombank, the fourth biggest bank of Vietnam by assets with VND530.22 trillion (US$24.9 million), has been asked by the State Bank of Vietnam (SBV) to manage and operate loss-making Vietnam Construction Joint Stock Commercial Bank (VNCB) after the SBV took over it.

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Foreign investors being wooed to invest in Vietnam banks

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Báo Dân Trí English 1 month(s) ago

Foreign investors being wooed to invest in Vietnam banks

Vietnam wants foreign investors to buy stakes in local financial institutions to support measures this year to restructure the local banking system, with mergers on the cards and more flexible ownership limits to encourage participation, a senior banking official said.

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