Expert warns over possible increase in USD exchange rate

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Báo Đầu Tư English 2 month(s) ago

After the Federal Reserve (Fed) raised the USD interest rate, the domestic exchange rate did not significantly fluctuate. However, when talking with VIR’s Thuy Lien, economist Dr Can Van Luc said that there may be some pressure on the USD exchange rate at the end of 2017.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 2 month(s) ago

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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HCM City lures $2.15 billion in FDI in six months

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

Ho Chi Minh City has attracted 2.15 billion USD in foreign directed investment (FDI) in the first half of 2017, doubling the figure in the same period last year, reported the municipal People’s Committee.

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Exchange rates stable despite Fed rate hikes

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Báo Đầu Tư English 2 month(s) ago

The VND/USD exchange rates saw little changes this morning although the US Federal Reserve (Fed) raised interest rates on Wednesday on the confidence in a growing economy and strengthening job market in the world’s biggest economy.

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Dong Nai attracts US$483 million in FDI so far

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Báo Đầu Tư English 3 month(s) ago

The southern province of Dong Nai has attracted nearly 483 million USD in foreign direct investment (FDI) so far this year, funding 26 new and 38 existing projects, according to the provincial Department of Planning and Investment.

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Vietnam to miss 2017 inflation target of 4-percent: report

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam’s inflation is expected to be higher than projected in 2017, while the country’s economic growth is likely to fall behind its target, market research firm MarketIntello has predicted.

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VN Railway Corporation proposes $308 mln in fund for railway renovation

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Báo Đầu Tư English 3 month(s) ago

The Vietnam Railway Corporation (VNR) has asked the Ministry of Transport for 7 trillion VND (308.2 million USD) in Government bonds to renovate the Hanoi – HCM City rail system from 2017 – 2020.

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FDI disbursement shows signs of slowdown

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Báo Dân Trí English 3 month(s) ago

Vietnam’s foreign direct investment (FDI) disbursement in the first four months of 2017 was estimated at USD4.8 billion, up 3.2% on-year, however, this is quite low compared with 12% growth over the same period of 2016.

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Power engineer arrested as suspect in $100k robbery at Vietcombank branch

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Báo Tuổi Trẻ English 3 month(s) ago

A thermal power engineer has been arrested and identified as the suspect who robbed US$100,000 worth of USD and VND from a Vietcombank branch in the southern province of Tra Vinh last week, police said Saturday.

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Millions of USD lost every month from unlicensed OTT apps

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Báo Đầu Tư English 3 month(s) ago

About 50,000 people use unlicensed OTT apps on Android box a month, according to some estimates. Collecting fees through scratch cards, the unlicensed apps may earn billions of dong of illicit profits.

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National fund raises 241.8 million USD for disadvantaged children

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Báo Dân Trí English 3 month(s) ago

The National Fund for Vietnamese Children (NFVC) has raised more than 5.5 trillion VND (241.8 million USD) and thousands of tonnes of gifts for some 30 million children since it was founded 25 years ago.

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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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Dai Nam racecourse inaugurated in Binh Duong province

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Báo Dân Trí English 4 month(s) ago

The Dai Nam Joint Stock Company opened an international standard racecourse invested at more than 2 trillion VND (87.9 million USD) in the southern province of Binh Duong on May 1.

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Vietnam records trade expansion in four months

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Báo Dân Trí English 4 month(s) ago

Vietnam’s trade revenue is estimated at 125.41 billion USD in the first four months of 2017, a year-on-year increase of 20.1 percent, said the General Department of Vietnam Customs.

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Masked man, allegedly armed, robs bank of $100k in southern Vietnam

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Báo Tuổi Trẻ English 4 month(s) ago

A masked man threatening tellers with an alleged gun robbed US$100,000 worth of USD and VND from a Vietcombank branch in southern Vietnam on Wednesday.

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