Despite ban, gold trading floors still active in Vietnam

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Báo Tuổi Trẻ English 2 day(s) ago

Despite ban, gold trading floors still active in Vietnam

On Sunday, there was little progress in the local community of investors trading gold and foreign exchange at many local underground trading floors, after the arrest of the leader of a Hanoi-based underground gold floor on Friday.

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BIDV wins prestigious int’l banking award

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VOV News English 6 day(s) ago

BIDV wins prestigious int’l banking award

(VOV) - The Bank for Investment and Development of Vietnam JSC (BIDV) was cited on September 25 as the Best Domestic Provider of Foreign Exchange Services in Vietnam by Asiamoney magazine.

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Central Bank postpones gold auctions

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VietnamPlus English 7 day(s) ago 1 related news

The State Bank of Vietnam (SBV) is postponing gold auctions in the light of the large gap between domestic and global prices of the precious metal.

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SBV postpones gold auctions

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VietNam News English 7 day(s) ago 1 related news

The State Bank of Viet Nam (SBV) is postponing gold auctions in the light of the large gap between domestic and global prices of the precious metal.

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Gov’t plan to issue $1 billion in int’l bonds stirs controversy

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VietnamNet English 2 week(s) ago 1 related news

Gov’t plan to issue $1 billion in int’l bonds stirs controversy

VietNamNet Bridge – The successful issue of international bonds at low interest rates will allow Vietnam to promote itself in the international capital market, according to a VPB Securities report.

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Philippines’ forex reserves highest in August

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VietnamPlus English 3 week(s) ago

The Philippines’ gross international reserves (GIR) expanded to 80.79 billion USD in August, the highest since December 2013, according to the local central bank (BSP).

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Fresh policies take effect since September

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VietnamNet English 1 month(s) ago

VietNamNet Bridge – A series of new policies on SOEs, recruitment of Vietnamese workers in foreign organizations, foreign exchange, and gambling business for foreigners come into effect since September, 2014.

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Foreign exchange control of FDI activities

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VietNam News English 1 month(s) ago 1 duplicate news

The State Bank of Viet Nam (SBV)'s Circular 19/2014/TT-NHNN (11 August 2014) guides foreign exchange control of foreign direct investment (FDI) activities in Viet Nam such as contribution of investment capital, opening and use of direct investment capital accounts, remittance overseas of capital, profit and other lawful income and transfer of capital into Viet Nam in the pre-investment phase.

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Fresh policies take effect since September

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

Fresh policies take effect since September

VGP – A series of new policies on SOEs, recruitment of Vietnamese workers in foreign organizations, foreign exchange, and gambling business for foreigners come into effect since September, 2014.

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Indonesia’s forex reserves hit 110.5 billion USD

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VietnamPlus English 1 month(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 1 month(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 month(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 month(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 month(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 month(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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