Fed raising interest rate to have negligible effect on USD/VND exchange rate: experts

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Báo Đầu Tư English 2 day(s) ago

Fed raising interest rate to have negligible effect on USD/VND exchange rate: experts

The Federal Reserve’s possible raising of the interest rate in June may not cause the USD/VND exchange rate to fluctuate too much, according to some experts.

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U.S., Japan disagreement on yen moves overshadows G7 meeting

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Báo Thanh Niên English 6 day(s) ago

U.S., Japan disagreement on yen moves overshadows G7 meeting

The United States issued a fresh warning to Japan against intervening in currency markets on Saturday as the two countries' differences over foreign exchange overshadowed a Group of 7 finance leaders' gathering in the Asian nation.

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Banks slash interest rates

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Báo Đầu Tư English 2 week(s) ago

Banks slash interest rates

Various banks have reduced their lending rates in response to the prime minister’s recent meeting with the business community.

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Tough punishments on USD deposit interest rate ceiling violation

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Báo điện tử CP English 3 week(s) ago

VGP – The State Bank of Viet Nam (SBV) has recently ordered commercial banks to strictly comply with the ceiling on dollar deposit rates, announcing a plan to strengthen investigations and supervision and punish infringements, said an official.

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Foreign banks have little impact on Vietnam economy

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Báo Dân Trí English 1 month(s) ago

Foreign banks have little impact on Vietnam economy

The entry of foreign banks has significantly increased over the last two decades, says the State Bank of Vietnam (SBV), which performs state management over monetary, banking activities and foreign exchange.

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China's foreign reserves post first rise in five months

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Báo Thanh Niên English 1 month(s) ago

China's foreign reserves post first rise in five months

China reversed four months of declines in its giant foreign exchange reserves in March, the central bank said Thursday, as the flood of money leaving the country eased.

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New circular puts limit on foreign currency loans

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Báo Dân Trí English 2 month(s) ago 1 related news

New circular puts limit on foreign currency loans

HSBC CEO Pham Hong Hai talked with Dan Tri about the effect of newly-issued Circular 24 by the State Bank of Vietnam on the Vietnam’s dong’s value and foreign exchange rates.

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FX rate stablised but dollarisation continues

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Báo Đầu Tư English 2 month(s) ago

FX rate stablised but dollarisation continues

Viet Nam has succeeded in stabilising the foreign exchange rate, but the rate of dollarisation has not decreased as expected, experts said in a meeting on Monday.

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Barriers block foreign investors being residents

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VietnamNet English 2 month(s) ago

Barriers block foreign investors being residents

VietNamNet Bridge – Over the past few years, in an effort to provide foreign investors with better legal conditions to make investments in Vietnam, the State Bank of Vietnam (SBV) issued various new regulations on foreign exchange control.

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Barriers block foreign investors being residents

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Báo Đầu Tư English 2 month(s) ago

Barriers block foreign investors being residents

Over the past few years, in an effort to provide foreign investors with better legal conditions to make investments in Vietnam, the State Bank of Vietnam (SBV) issued various new regulations on foreign exchange control. One such regulation of particular interest to foreign investors is Circular No.19/2014/TT-NHNN guiding foreign exchange control of foreign direct investment (FDI) activities in Vietnam (Circular 19), which took effect from September 25, 2014.

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IMF to identify holdings of China's yuan in reserves surveys

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Báo Thanh Niên English 2 month(s) ago

IMF to identify holdings of China's yuan in reserves surveys

The International Monetary Fund said on Friday it will separately identify China's yuan currency in its official foreign exchange reserves database starting Oct. 1, a move prompted by the yuan's new status in the Fund's reserve currency basket.

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Multiple banks suffered sizeable foreign exchange losses in 2015

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VietnamNet English 3 month(s) ago 1 related news

Multiple banks suffered sizeable foreign exchange losses in 2015

Many banks suffered losses in the foreign exchange market last year, according to their latest financial reports.

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Banks suffered foreign exchange losses in 2015

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Báo Đầu Tư English 3 month(s) ago

Banks suffered foreign exchange losses in 2015

Many banks suffered losses in the foreign exchange market last year, according to their latest financial reports.

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‘Brexit’: What it means for currencies

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Báo Thanh Niên English 3 month(s) ago

Britain’s referendum on its membership in the European Union isn’t just a threat to the pound. It’s raising currency-market risks across the continent. While the pound led declines among major currencies on Monday with its biggest slide since 2010, the euro had the second-largest decline, weighed down by signs of slowing growth. Rabobank Senior Foreign-Exchange Strategist Jane Foley discuss possible foreign exchange implications with Manus Cranny and Anna Edwards on “Countdown.”

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New forex policy undermining speculation in VN

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VietnamNet English 4 month(s) ago 1 related news

New forex policy undermining speculation in VN

The central bank's new exchange rate management policy has helped reduce the US dollar speculation in the domestic economy, an official said at an online discussion.

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