Dollar drain threatens Vietnam’s monetary security

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VietnamNet English 2 week(s) ago

Dollar drain threatens Vietnam’s monetary security

VietNamNet Bridge – The movement of a large amount of money offshore Vietnam over a short time could threaten the country’s monetary security, an expert has said.

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Vietnam loses $33 billion in illegal foreign-currency outflows: expert

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VietnamNet English 2 week(s) ago

Vietnam loses $33 billion in illegal foreign-currency outflows: expert

VietNamNet Bridge – Vietnam has witnessed a drain in foreign currencies over the years, with one expert saying that $33 billion flowed out of the country between 2008 and 2013 because of illegal transfer of funds and embezzlement.

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Vietnam improves its currency's competitiveness

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VOV News English 1 month(s) ago

(VOV) -The Economist Intelligence Unit has analyzed Vietnam’s recent adjustment of exchange rate by 1% against the US dollar.

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What are the effects of overseas remittances on the Vietnamese economy?

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VietnamNet English 1 month(s) ago

What are the effects of overseas remittances on the Vietnamese economy?

VietNamNet Bridge – If Vietnam uses overseas remittances to its benefit, they could be a powerful driver in the development of the national economy. Conversely, the economy could be put under pressure if they are not deployed effectively.

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Vietnamese companies profit handsomely from Euro's slide

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

The repeated drops in the value of the Euro in 2014 proved advantageous for companies that conduct a sizeable proportion of lending in the currency, thus boosting their profits.

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Circular regulates foreign currency lending

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VietnamNet English 1 month(s) ago

Circular regulates foreign currency lending

The State Bank of Viet Nam (SBV) recently issued Circular No. 43/2014/TT-NHNN (December 25, 2014) on lending in foreign currency by credit institutions and foreign bank branches to residents. The circular applies to credit institutions and foreign bank branches authorised to conduct foreign-exchange activities and lending foreign currency to Borrowers (Lender), and residents borrowing from Lenders (Borrowers).

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Google fourth-quarter revenue misses Wall Street target

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Báo Thanh Niên English 1 month(s) ago

Google Inc's revenue grew 15 percent in the fourth quarter but fell short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates.

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Facebook reports strong profits, adding millions of users

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VietnamNet English 1 month(s) ago

Facebook reported fourth-quarter profits of $701m (£462m), a 34% increase on the same period a year ago.

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Circular regulates foreign currency lending

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VietNam News English 1 month(s) ago

The State Bank of Viet Nam (SBV) recently issued Circular No. 43/2014/TT-NHNN (December 25, 2014) on lending in foreign currency by credit institutions and foreign bank branches to residents. The circular applies to credit institutions and foreign bank branches authorised to conduct foreign-exchange activities and lending foreign currency to Borrowers (Lender), and residents borrowing from Lenders (Borrowers).

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Winners and losers in Swiss National Bank fallout

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Báo Thanh Niên English 1 month(s) ago

Bloomberg’s Caroline Hyde breaks down the impact on the foreign exchange market from action by the Swiss national Bank to end the minimum exchange rate for the franc. She speaks on “The Pulse.”

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Vietnam cbank stocking foreign currencies after intervening in forex market

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Báo Đầu Tư English 1 month(s) ago 1 related news

Vietnam cbank stocking foreign currencies after intervening in forex market

The State Bank of Vietnam (SBV) is buying foreign currencies from the local market to increase the national foreign exchange reserves, a move it stopped for five months already, Nguyen Van Binh, Governor of the central bank, said at a conference in Hanoi on Saturday.

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Vietnam cbank stocking foreign currencies after intervening in forex market

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Báo Tuổi Trẻ English 1 month(s) ago 1 related news

Vietnam cbank stocking foreign currencies after intervening in forex market

The State Bank of Vietnam (SBV) is buying foreign currencies from the local market to increase the national foreign exchange reserves, a move it stopped for five months already, Nguyen Van Binh, Governor of the central bank, said at a conference in Hanoi on Saturday.

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Casualties from Swiss shock spread from New York to New Zealand

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Báo Thanh Niên English 1 month(s) ago 1 related news

Casualties from Swiss shock spread from New York to New Zealand

Casualties mounted from the Swiss currency shock as the largest U.S. retail foreign-exchange brokerage said client losses threatened its compliance with capital rules and a New Zealand-based dealer went out of business.

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Dollar price rise deals blow to importers

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Báo Thanh Niên English 1 month(s) ago 1 related news

Dollar price rise deals blow to importers

The recent devaluation of the Vietnamese dong has made things more difficult for importers, and increased the national debt burden.

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State Bank raises US dollar price

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VietnamPlus English 1 month(s) ago

The State Bank of Vietnam (SBV)’s selling and purchasing prices were officially set at 21,350 VND and 21,600 VND to one US dollar on January 12, up 150 VND and 200 VND respectively.

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