What does Vietnam gain and lose with a devalued Chinese yuan?

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VietnamNet English 1 week(s) ago

What does Vietnam gain and lose with a devalued Chinese yuan?

VietNamNet Bridge - The weaker Chinese yuan will have a negative impact on Vietnam’s trade balance and put pressure on the dong and the stock market, but it will also help ease Vietnam’s debts.

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SBV widens forex trading band. What’s next?

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VietnamNet English 1 week(s) ago

SBV widens forex trading band. What’s next?

VietNamNet Bridge - Economists have repeatedly urged the State Bank of Vietnam (SBV) to devalue the dong in response to the Chinese yuan devaluation. SBV, in its latest move, shows signs that it will continue stabilizing the dong.

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US oil prices fall to fresh six-year low

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Báo Đầu Tư English 2 week(s) ago

US oil prices fall to fresh six-year low

Oil prices skidded to a fresh six-year low on Thursday amid worries about excess supply.

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Vietnam seen devaluing further after busting limit of 2 pct decline

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Báo Thanh Niên English 2 week(s) ago

Vietnam seen devaluing further after busting limit of 2 pct decline

Vietnam’s central bank looks set to devalue the dong again after busting through its goal of limiting depreciation to 2 percent this year as China’s yuan weakened.

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Financial market in chaos

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VietnamNet English 3 month(s) ago

Financial market in chaos

VietNamNet Bridge - Many unusual things are now occurring in the finance market, worrying investors.

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Dollar price hits ceiling, experts question SBV’s exchange-rate policy

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VietnamNet English 3 month(s) ago

Dollar price hits ceiling, experts question SBV’s exchange-rate policy

The dollar price on May 6 hit the ceiling of VND21,673 per dollar, the highest ever level. The State Bank once again attributes this to people’s anxiety. Experts believe the dong 2 percent devaluation plan in 2015 is not feasible.

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Experts propose flexible forex policy

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VOV News English 4 month(s) ago

Experts propose flexible forex policy

Economic experts have suggested the State Bank of Vietnam (SBV) adopt a flexible foreign exchange policy and adjust it based on supply and demand, instead of forcing the Vietnam dong-US dollar exchange rate to move within 2% a year.

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Speculation blamed for dollar price fluctuations

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VietnamNet English 4 month(s) ago

Speculation blamed for dollar price fluctuations

VietNamNet Bridge - The dollar price has been increasing for a month, while the official dong/dollar exchange rate remains unchanged as the State Bank has committed not to devalue the dong by more than 2 percent in 2015.

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Forex market calms down after SBV pledges to stabilise rate

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Báo Đầu Tư English 5 month(s) ago 1 related news

Forex market calms down after SBV pledges to stabilise rate

The foreign exchange (forex) market cooled down yesterday after the State Bank of Viet Nam (SBV) committed to keeping the exchange rate stable.

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Forex market calms down after SBV pledges to stabilise rate

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VOV News English 5 month(s) ago 2 related news

Forex market calms down after SBV pledges to stabilise rate

The foreign exchange (forex) market cooled down on March 26 after the State Bank of Viet Nam (SBV) committed to keeping the exchange rate stable.

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Forex market calms down after SBV pledges to stabilise rate

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VietNam News English 5 month(s) ago 2 related news

The foreign exchange (forex) market cooled down yesterday after the State Bank of Viet Nam (SBV) committed to keeping the exchange rate stable.

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Is it time to devalue the Vietnamese dong to boost exports?

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VietnamNet English 6 month(s) ago

Is it time to devalue the Vietnamese dong to boost exports?

VietNamNet Bridge – Economists from Hanoi National University have urged the government to adjust the dong/dollar exchange rate, while the National Finance Supervision Council said stabilizing the exchange rate is a top priority.

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Cbank buys greenback to anchor Vietnam dong value as boost for export

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Báo Tuổi Trẻ English 14 month(s) ago 1 duplicate news

Cbank buys greenback to anchor Vietnam dong value as boost for export

The State Bank of Vietnam (SBV) earlier this month bought a huge volume of U.S. dollars in an effort to prevent the greenback from devaluing against the local currency, the Vietnam dong, to promote export.

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Vietnam to lower key policy rates to support economic growth

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Báo Thanh Niên English 18 month(s) ago

Vietnam to lower key policy rates to support economic growth

Vietnam will cut its key policy rates from tomorrow, as the government tries to support businesses and bolster a struggling economy. Stocks rose.

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Vietnam rules out devaluing dong, threatens strong intervention

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Báo Thanh Niên English 27 month(s) ago

Vietnam rules out devaluing dong, threatens strong intervention

Vietnam’s central bank said it has no plans for a repeat of last month’s dong devaluation, the first since 2011, and pledged to support the currency.

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