Regulations on offshore indirect investment of securities institutions

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Báo điện tử CP English 6 day(s) ago

Regulations on offshore indirect investment of securities institutions

VGP – The Government has recently promulgated Decree 86/2016/ND-CP (Decree 86) on conditions for offshore indirect investment of securities business institutions.

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State Bank to intervene in gold price, if needed

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

State Bank to intervene in gold price, if needed

The State Bank of Viet Nam will keep track of gold price fluctuation and intervene if necessary, said Nguyen Ngoc Canh, director of the bank's Foreign Exchange Management Department.

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Philippine central bank says prepared to smooth any volatility in FX market

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Báo Thanh Niên English 1 month(s) ago

Philippine central bank says prepared to smooth any volatility in FX market

The Philippine central bank said on Friday it was closely monitoring the foreign exchange market and remains prepared to act to ensure orderly transactions and smooth volatility.

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Vietnam forex reserves hit record high of $38 billion

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Báo Thanh Niên English 1 month(s) ago

Vietnam forex reserves hit record high of $38 billion

Vietnam's foreign exchange reserves have risen 26.6 percent this year to around US$38 billion, the highest ever level, news website Saigon Times Online quoted the central bank governor as saying.

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Vietnam's central bank adds $7 billion to forex reserves: report

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Báo Thanh Niên English 1 month(s) ago

Vietnam's central bank adds $7 billion to forex reserves: report

The State Bank of Vietnam has shored up its foreign exchange reserves by buying a large amount of dollars this year, according to a new report from major lender BIDV.

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

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Báo Đầu Tư English 2 month(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 2 month(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 month(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 2 month(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 3 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 3 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 4 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 4 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 4 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 4 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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