Import price hikes anticipated, importers indecisive about plans

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VOV News English 6 day(s) ago 1 related news

Import price hikes anticipated, importers indecisive about plans

The dong devaluation will make goods, especially imports, become more expensive, but analysts say prices will increase slowly.

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Import price hikes anticipated, importers indecisive about plans

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VietnamNet English 7 day(s) ago 1 related news

Import price hikes anticipated, importers indecisive about plans

VietNamNet Bridge - The dong devaluation will make goods, especially imports, become more expensive, but analysts say prices will increase slowly.

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State Bank pledges stable exchange rate, forex market until early 2016

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Báo điện tử CP English 1 week(s) ago 5 related news

State Bank pledges stable exchange rate, forex market until early 2016

VGP - The State Bank of Viet Nam (SBV) affirmed that it would not make any more adjustments to the exchange rate and would apply all necessary measures to stabilise the exchange rate and foreign exchange (forex) market by the end of 2015 and in the early months of 2016.

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BIDV signs MoU with Kyoto Bank to service Japanese businesses

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Báo Đầu Tư English 1 week(s) ago

BIDV signs MoU with Kyoto Bank to service Japanese businesses

Japan's Kyoto Bank and the Viet Nam Bank for Investment and Development (BIDV) have inked a memorandum of understanding for offering banking services to Japanese businesses and investors in Viet Nam.

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Vietnam to keep foreign exchange rate stable till year-end: cbank

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

Vietnam to keep foreign exchange rate stable till year-end: cbank

The State Bank of Vietnam (SBV), the country’s central bank, will not make any adjustments to the foreign exchange rate between the dong and the U.S. dollar from now until the end of 2015, after the currency has been weakened three times so far this year.

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Dwindling reserves force Southeast Asia to escalate currency war

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Báo Thanh Niên English 1 week(s) ago

Dwindling reserves force Southeast Asia to escalate currency war

Southeast Asia’s dwindling foreign-exchange holdings are exacerbating the risk of a currency war as policy makers have little choice but to allow exchange rates to weaken.

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Russian PM says Russia to boost FX flows to support ruble

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Báo Thanh Niên English 1 week(s) ago

Russian PM says Russia to boost FX flows to support ruble

Russia's Prime Minister Dmitry Medvedev said on Saturday that the government and central bank were preparing measures to boost foreign currency sales in response to the weakening ruble.

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Undervalued currency may undermine sentiment to reform

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VOV News English 1 week(s) ago 1 duplicate news

Undervalued currency may undermine sentiment to reform

Dan Svensson, portfolio manager of the Vietnam Debt Fund (VDeF) under Dragon Capital granted an exclusive interview to a reporter from The Saigon Times Daily over Vietnam’s monetary policy and related issues in the short and middle terms.

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What does Vietnam gain and lose with a devalued Chinese yuan?

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VietnamNet English 1 week(s) ago

What does Vietnam gain and lose with a devalued Chinese yuan?

VietNamNet Bridge - The weaker Chinese yuan will have a negative impact on Vietnam’s trade balance and put pressure on the dong and the stock market, but it will also help ease Vietnam’s debts.

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China's central bank resorts to 'dirty peg', BNP Paribas says

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Báo Thanh Niên English 1 week(s) ago

China's central bank resorts to 'dirty peg', BNP Paribas says

Less than two weeks after pledging to allow a freer exchange rate, the People’s Bank of China has tightened its grip on the yuan, according to BNP Paribas SA.

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Average VND/USD exchange rate rises by another 1%

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VOV News English 2 week(s) ago

Average VND/USD exchange rate rises by another 1%

The State Bank of Vietnam (SBV) has increased the average inter-bank exchange rate between the VND and USD applicable to August 19 by 1%, from VND21,673to VND21,890 per US$1.

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Vietnam widens dollar/dong trading band to 3 pct

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Báo Thanh Niên English 2 week(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 reserves seen dropping $40 billion a month on yuan support

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Báo Thanh Niên English 2 week(s) ago

China reserves seen dropping $40 billion a month on yuan support

China’s foreign-exchange reserves are expected to drop by some $40 billion a month as the central bank intervenes to support the yuan, a Bloomberg survey shows.

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China strengthens yuan against dollar, ending falls

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Báo Thanh Niên English 2 week(s) ago

China strengthens yuan against dollar, ending falls

China's central bank on Friday raised the value of the yuan against the US dollar by 0.05 percent, the national foreign exchange market said, ending three days of falls after a surprise devaluation.

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Vietnam cbank counters yuan devaluation to buck external risks to national economy

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Báo Đầu Tư English 2 week(s) ago

Vietnam cbank counters yuan devaluation to buck external risks to national economy

The swift move of Vietnam’s central bank on Wednesday in response to the devaluation of the Chinese yuan will fortify the local banking and financial system so that it will stand firmly against any external destabilizing factors, according to a senior official of the State Bank of Vietnam (SBV).

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