Dong depreciates 1pct against US dollar in Jan-Aug

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Báo Tuổi Trẻ English 8 month(s) ago

The Vietnam dong devalued around 1 percent against the US dollar in the first 8 months of this year, according to the government website Chinhphu.vn.

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Central bank dispels forex rate adjustment rumor

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Báo Tuổi Trẻ English 2 day(s) ago

Central bank dispels forex rate adjustment rumor

The State bank of Vietnam on Friday announced that there is no plan in adjusting the foreign exchange rates at the moment, following a wave to increase the US dollar selling prices from local banks.

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Banks hike exchange rate again

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SaigonTimes English 3 day(s) ago

Banks hike exchange rate again

HCMC – Local banks increased the dong-U.S. dollar exchange rate to over VND21,000 on Thursday afternoon, with Techcombank quoting the rate at the upper limit of VND21,036 per dollar.

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US targets Iran rial, gold imports in sanctions pressure

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Báo Đầu Tư English 4 day(s) ago

US targets Iran rial, gold imports in sanctions pressure

The United States is working to block sales of gold to Iranians in order to undermine their currency, the rial, and to step up pressure on Tehran over its nuclear program.

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Unilever says go long as Southeast Asia currencies extend rally

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Báo Thanh Niên English 1 week(s) ago

Unilever says go long as Southeast Asia currencies extend rally

Unilever, the seller of Lipton tea, uses a so-called “natural hedge” against currency swings by sourcing and producing products in local markets, Chief Executive Officer Peter Ter-Kulve said

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Dollar keeps climbing as G7 meet on world economy

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

Dollar keeps climbing as G7 meet on world economy

The US dollar pushed higher on Friday and the yen sagged as the finance chiefs of the G7 began meeting outside London on global economic challenges and Japan stuck to its guns on monetary easing.

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Solving all financial issues impossible: SBV

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SaigonTimes English 1 week(s) ago 2 related news

HCMC – A State Bank of Vietnam (SBV) leader said on Thursday that it is impossible to stabilize the gold market, avoid impacts on foreign reserves and stabilize the exchange rate at the same time.

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G7 smoothes divisions, agrees on currency policy

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

G7 smoothes divisions, agrees on currency policy

The Group of Seven advanced economies smoothed over US-European differences at a weekend meeting on how to balance deep austerity measures with ways to support fragile growth.

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Import-export companies seeking to force dollar interest rates down

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VietnamNet English 1 week(s) ago 1 related news

Import-export companies seeking to force dollar interest rates down

VietNamNet Bridge – Importers and exporters have urged the State Bank of Vietnam to slash the dollar interest rates further to 5 percent per annum. A senior executive of the central bank once promised to find the way to force the rates to 4-5 percent.

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G7 talks growth, austerity amid yen concerns

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

G7 talks growth, austerity amid yen concerns

The Group of Seven top economies kick-started fresh talks on spurring growth on Friday amid US-Europe divisions over the scale of austerity and renewed market focus on "currency wars" after the yen hit new dollar lows.

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Nissan's annual profit growth stalls

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Báo Đầu Tư English 1 week(s) ago

Nissan's annual profit growth stalls

Japan's Nissan said Friday that its annual net profit had barely moved from a year earlier despite market conditions that helped rivals Toyota and Honda book soaring profits.

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US dollar surges, tops 100 yen first time in 4 years

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Báo Đầu Tư English 1 week(s) ago 4 related news

US dollar surges, tops 100 yen first time in 4 years

The US dollar surged on Thursday against major currencies, topping the 100-yen level for the first time in four years.

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Vietnamese bonds gain on inflation, deposit-rate cap outlook

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

Vietnam’s three-year bonds gained on speculation inflation will remain under control and the central bank will cut the interest-rate cap on local-currency deposits. The dong was steady.

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Dollar above 100 yen for first time in four years

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Báo Tuổi Trẻ English 1 week(s) ago 4 related news

Dollar above 100 yen for first time in four years

The US dollar topped 100 yen for the first time in more than four years on Thursday as Tokyo's aggressive stimulus efforts to reflate the Japanese economy continue to depress its currency.

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Vietnam convicts South Korean of illegal currency trafficking

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Báo Thanh Niên English 1 week(s) ago

A court in the southern province of Tay Ninh on Monday handed down a three-month sentence to a South Korean national for illegally transporting foreign currency from Cambodia to Vietnam.

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