Indonesia’s forex reserves hit 110.5 billion USD

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VietnamPlus English 1 day(s) ago 1 related news

Indonesia's foreign exchange (forex) reserves rose to 110.5 billion USD by the end of July from 107.7 billion USD one month ago, according to the central bank of Indonesia (BI).

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Moody’s upgrades BIDV’s deposit, issuer ratings

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VietnamPlus English 5 day(s) ago

Moody’s has revised domestic currency deposit and foreign currency issuer ratings of the State-owned Bank for Investment and Development of Vietnam (BIDV) up by one place to B1.

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FDI firms allowed to open local currency accounts

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Báo Đầu Tư English 1 week(s) ago

FDI firms allowed to open local currency accounts

HCMC – From September 25, foreign investors and foreign direct investment (FDI) enterprises can open investment accounts in Vietnam dong along with those in foreign currency as stipulated in a circular recently issued by the State Bank of Vietnam.

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Bank credit up 3.68 percent in seven months

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VietnamPlus English 1 week(s) ago

Vietnam’s banking system had by the end of July registered a credit growth of 3.68 percent compared to the end of 2013 while the total means of payment rose 7.36 percent, according to the State Bank of Vietnam.

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Russia sanctions accelerate risk to dollar dominance

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Báo Thanh Niên English 2 week(s) ago

U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis.

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Decree focuses on foreign exchange activities

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VietNam News English 2 week(s) ago 1 duplicate news

Foreign-exchange activities by residents and non-residents have been guided under Government Decree No70/2014/ND-CP (July 17, 2014). The Decree applies to organisations and individuals undertaking foreign-exchange activities in Viet Nam and controls the inspection of and dealing with breaches of foreign exchange activities.

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VN asked to stabilize exchange rate to minimize risks of public/private projects

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VietnamNet English 3 week(s) ago

VN asked to stabilize exchange rate to minimize risks of public/private projects

VietNamNet Bridge – Vietnam is considering new policies on foreign exchange management in order to help minimize exchange rate fluctuation risks for PPP (private public partnership) project developers.

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U.K. serious fraud office launches FX rigging probe

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Báo Thanh Niên English 1 month(s) ago

Bloomberg’s John Dawson reports on U.K. prosecutors opening a criminal investigation into alleged manipulation of foreign-exchange benchmarks. He speaks with Angie Lau on “First Up.”

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

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Báo Tuổi Trẻ English 1 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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MAG urges easing of dependence on greenback

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VietnamNet English 1 month(s) ago

MAG urges easing of dependence on greenback

VietNamNet Bridge – Vietnam’s heavy dependence on the US dollar gives it few policy choices, the Vietnam Business Forum’s Macro-economic Policy Working Group (MAG) has commented.

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Exchange rate adjustment aims to boost exports

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VietnamPlus English 1 month(s) ago

The State Bank of Vietnam (SBV) has recently adjusted the VND/USD exchange rate up by one percent. The adjustment has received a positive response and boosted confidence, the Vietnam Economic News reported.

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Decree regulates forex management

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VietNam News English 1 month(s) ago

Government Decree No 50/2014/ND-CP (May 20, 2014) has been issued to regulate and manage State foreign-exchange reserves. The State Bank of Viet Nam (SBV) is the management agency for State foreign-exchange reserves.

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Vietnam may further devalue dong in 2014: HSBC

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Báo Thanh Niên English 2 month(s) ago

The dong may be depreciated by additional 1 percent later this year, if policy makers feel it is necessary, HSBC said in a statement issued on Thursday, betting on a relatively stable dong for the coming months.

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Vietnam first-half FDI inflow seen up 1 pct y/y at $5.75 bln: gov't

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Báo Thanh Niên English 2 month(s) ago

Vietnam received an estimated $5.75 billion in foreign direct investment (FDI) during the first six months of 2014, up 0.9 percent from a year ago, a government agency said.

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Stocks slide on foreign exchange hike

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VietNam News English 2 month(s) ago

Stocks lost value last week, driven by negative information, including a hike in USD exchange rate and news about China moving the second oil rig closer to Viet Nam's coast.

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