VN shares likely to trade flat this week

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

VN shares likely to trade flat this week

Vietnamese shares will likely fluctuate around 570 points as foreign exchange rates continue to put pressure on the stock market after the US central bank raised its benchmark interest rate by 25 basis points on Wednesday, Maritime Securities Incorporation (MSI) wrote in a report.

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China's foreign reserves at nearly three-year low

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Báo Thanh Niên English 2 month(s) ago

China's foreign reserves at nearly three-year low

China's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed Monday, with analysts blaming "record" capital outflow on expectations the yuan will depreciate.

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What if the VND continues to depreciate?

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VietnamNet English 5 month(s) ago

What if the VND continues to depreciate?

VietNamNet Bridge - At least two financial institutions have predicted that the dong will continue depreciating against the US dollar.

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Exporters undercut as global rivals benefit more from currency effects

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VOV News English 5 month(s) ago 1 related news

Exporters undercut as global rivals benefit more from currency effects

Export earnings from Vietnamese farm commodities have fallen after many countries let their currencies depreciate significantly, giving their exporters more ability to undercut rivals.

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Vietnamese exporters undercut as global rivals benefit more from currency effects

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Báo Thanh Niên English 5 month(s) ago 1 related news

Vietnamese exporters undercut as global rivals benefit more from currency effects

Export earnings from Vietnamese farm commodities have fallen after many countries let their currencies depreciate significantly, giving their exporters more ability to undercut rivals.

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Currency stabilises following devaluation

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VOV News English 5 month(s) ago

Currency stabilises following devaluation

In the last two weeks the dong-dollar exchange rate has stabilised after a brief frisson caused by the State Bank of Vietnam (SBV)'s decision to depreciate the currency after China did so.

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How much value will the dong lose this year?

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VietnamNet English 6 month(s) ago 1 duplicate news 2 related news

How much value will the dong lose this year?

VietNamNet Bridge - Some international institutions have predicted that the dong will depreciate by 5 percent this year, while economists have urged the government to devalue the currency by more than 10 percent.

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Vietnam devalues dong by 1%, widens trading bank to 3%

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Báo Tuổi Trẻ English 6 month(s) ago 1 duplicate news 2 related news

Vietnam devalues dong by 1%, widens trading bank to 3%

The State Bank of Vietnam (SBV), the country’s central bank, on Wednesday depreciated the dong by one percent against the U.S. dollar in the latest move to cope with the devaluation of the Chinese yuan last week.

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Vietnam widens dollar/dong trading band to 3 pct

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Báo Thanh Niên English 6 month(s) ago 2 related news

Vietnam widens dollar/dong trading band to 3 pct

Vietnam has widened the trading band for interbank dollar/dong transactions to 3 percent from 2 percent, the second move in a week, to protect the country's export position and maintain stability in the foreign exchange market, the central bank said on Wednesday.

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China's yuan move could reignite Asian currency wars

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Báo Thanh Niên English 6 month(s) ago 3 related news

China's yuan move could reignite Asian currency wars

China’s surprise devaluation of the yuan couldn’t have come at a worse time for some Asian currencies.

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Vietnam’s forex reserves sufficient, dong won’t depreciate further

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VietnamNet English 6 month(s) ago 1 related news

Vietnam’s forex reserves sufficient, dong won’t depreciate further

VietNamNet Bridge - The watchdog agency has reassured the public, saying that the dong/dollar exchange rate will not lose more than 2 percent of value by the end of the year and that the foreign exchange reserves have reached $37 billion.

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Vietnam dong devaluation inevitable, good for economy

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Báo Thanh Niên English 10 month(s) ago

Vietnam dong devaluation inevitable, good for economy

Economists have hailed the State Bank of Vietnam’s decision to depreciate the dong, saying the move will help cool down the forex market and decrease the trade deficit, which has been growing since early this year.

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Surplus in international payment balance eases anxiety about dollar supply

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VietnamNet English 10 month(s) ago

Surplus in international payment balance eases anxiety about dollar supply

VietNamNet Bridge - Vietnam expects to have a surplus of $5 billion in international payments in 2015, which means there will be enough dollar supply in the domestic market.

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Bank shares climb on dong depreciation

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VietNam News English 14 month(s) ago 1 related news

Bank shares continued to rise yesterday after the State Bank increased the US dollar exchange rate by 1 per cent from VND21,246 per dollar to VND21,458, boosting both bourses.

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Vietnam to let dong depreciate 1 pct vs dollar

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Báo Thanh Niên English 14 month(s) ago 1 related news

Vietnam to let dong depreciate 1 pct vs dollar

Vietnam will weaken its dong currency by 1 percent against the dollar from Wednesday on interbank transactions to help stabilise the foreign exchange market, the central bank said.

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