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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Can Vietnam grasp Japan stimulus export opportunity?

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Báo Thanh Niên English 1 month(s) ago

Can Vietnam grasp Japan stimulus export opportunity?

Vietnam hopes to increase exports to Japan after the latter announced a stimulus package to spur consumption though the devaluation of the yen could hit Vietnam’s inefficient exporters, analysts said.

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Central Bank official quashes money change rumours

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Báo Dân Trí English 1 month(s) ago 1 duplicate news

Central Bank official quashes money change rumours

The State Bank of Vietnam (SBV) has quashed rumours that it planned to issue new bank notes in the near future, an official has said.

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State Bank warns of devaluation

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VietNam News English 1 month(s) ago

The Vietnamese dong could be devalued by as much as 2 per cent against the US dollar this year, said Governor of the State Bank of Viet Nam Nguyen Van Binh.

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Yen firms after US says watching Japan policies

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Báo Đầu Tư English 1 month(s) ago

Yen firms after US says watching Japan policies

The yen strengthened Friday after the United States said it was monitoring Japan's policies and urged Tokyo to avoid "competitive devaluation" of its currency.

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Enterprises call for support to raise growth

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VietNam News English 2 month(s) ago

Several export enterprises called for lower loan interest rates and exchange rates, saying they might not see as much growth as expected this year due to increasing input costs.

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Vietnamese businesses face hurdles in Eastern Europe

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Báo Dân Trí English 2 month(s) ago

Vietnamese businesses face hurdles in Eastern Europe

Vietnamese businesses face numerous challenges in Eastern Europe in the face of its weak purchasing power and fierce international competition.

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No forex rate adjustment – a real relief

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Báo Tuổi Trẻ English 3 month(s) ago

No forex rate adjustment – a real relief

The director of the State Bank of Vietnam (SBV), Nguyen Van Binh, has told Tuoi Tre that the operating mechanism of the foreign exchange rate between the US dollar and the Vietnam dong in 2013 would not change from 2012.

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Rumours weigh on stock market

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VietNam News English 3 month(s) ago

Rumours weigh on stock market

Shares on the nation's two stock exchanges retreated last week on false rumours related to a devaluation of the dong, petrol prices increasing and that the Bank for Investment and Development (BIDV) chairman Tran Bac Ha had been arrested.

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State Bank rejects dong devaluation

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Báo Dân Trí English 3 month(s) ago 1 duplicate news

State Bank rejects dong devaluation

The State Bank of Vietnam (SBV) has decided to maintain foreign exchange rates, and has the capacity to do so, said one official.

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U.S. dollar marks up on overreactions

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SaigonTimes English 3 month(s) ago

HCMC – The U.S. dollar has been highly volatile in recent days after over a year of staying stable at VND20,900, with overreactions to talk of possible Vietnamese dong devaluation.

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Not right time for FX rate adjustment: Cbank

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Báo Tuổi Trẻ English 3 month(s) ago

It’s not the right time for any foreign exchange rate adjustment, or the devaluation of the Vietnam dong against the US dollar, said a senior official of the State Bank of Vietnam (SBV).

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Yen weakens in Asia after G20 talks

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Báo Đầu Tư English 3 month(s) ago 1 related news

Yen weakens in Asia after G20 talks

The yen weakened in Asia on Monday after G20 finance ministers pledged not to devalue their currencies and avoided targeting Tokyo over the recent plunge in the Japanese unit.

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Experts urge weaker dong to strengthen export growth

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VietNam News English 3 month(s) ago

Experts are calling on the Government to devalue the Vietnamese dong by three to four per cent against the US dollar, saying this adjustment would provide much-needed relief to export firms.

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Bleak economic outlook but FDI offers light at end of tunnel

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VietNam News English 4 month(s) ago

Although the Vietnamese economy is expected to continue to trend downward this year, the country still has untapped potential, speakers said at a meeting of the Canadian Chamber of Commerce in Viet Nam in HCM City last week.

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