VN asked to stabilize exchange rate to minimize risks of public/private projects

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VietnamNet English 4 day(s) ago

VN asked to stabilize exchange rate to minimize risks of public/private projects

VietNamNet Bridge – Vietnam is considering new policies on foreign exchange management in order to help minimize exchange rate fluctuation risks for PPP (private public partnership) project developers.

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U.K. serious fraud office launches FX rigging probe

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Báo Thanh Niên English 1 week(s) ago

Bloomberg’s John Dawson reports on U.K. prosecutors opening a criminal investigation into alleged manipulation of foreign-exchange benchmarks. He speaks with Angie Lau on “First Up.”

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Cbank buys greenback to anchor Vietnam dong value as boost for export

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Báo Tuổi Trẻ English 1 week(s) ago 1 duplicate news

Cbank buys greenback to anchor Vietnam dong value as boost for export

The State Bank of Vietnam (SBV) earlier this month bought a huge volume of U.S. dollars in an effort to prevent the greenback from devaluing against the local currency, the Vietnam dong, to promote export.

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MAG urges easing of dependence on greenback

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VietnamNet English 3 week(s) ago

MAG urges easing of dependence on greenback

VietNamNet Bridge – Vietnam’s heavy dependence on the US dollar gives it few policy choices, the Vietnam Business Forum’s Macro-economic Policy Working Group (MAG) has commented.

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Exchange rate adjustment aims to boost exports

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VietnamPlus English 1 month(s) ago

The State Bank of Vietnam (SBV) has recently adjusted the VND/USD exchange rate up by one percent. The adjustment has received a positive response and boosted confidence, the Vietnam Economic News reported.

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Decree regulates forex management

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VietNam News English 1 month(s) ago

Government Decree No 50/2014/ND-CP (May 20, 2014) has been issued to regulate and manage State foreign-exchange reserves. The State Bank of Viet Nam (SBV) is the management agency for State foreign-exchange reserves.

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Vietnam may further devalue dong in 2014: HSBC

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Báo Thanh Niên English 1 month(s) ago

The dong may be depreciated by additional 1 percent later this year, if policy makers feel it is necessary, HSBC said in a statement issued on Thursday, betting on a relatively stable dong for the coming months.

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Vietnam first-half FDI inflow seen up 1 pct y/y at $5.75 bln: gov't

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Báo Thanh Niên English 1 month(s) ago

Vietnam received an estimated $5.75 billion in foreign direct investment (FDI) during the first six months of 2014, up 0.9 percent from a year ago, a government agency said.

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Stocks slide on foreign exchange hike

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VietNam News English 1 month(s) ago

Stocks lost value last week, driven by negative information, including a hike in USD exchange rate and news about China moving the second oil rig closer to Viet Nam's coast.

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Vietnam state bank devalues dong to support export

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

Vietnam state bank devalues dong to support export

The recent devaluation of the Vietnam dong is a proactive move of the State Bank of Vietnam (SBV) to support exports in the last six months of 2014, an SBV senior official has said.

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Vietnam man files complaint against $18,800 fine for purportedly buying $100

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam man files complaint against $18,800 fine for purportedly buying $100

The Ho Chi Minh City People’s Committee has imposed a VND400 million (US$18,827) fine on a man who was allegedly caught exchanging an amount of money only 1/200 of the hefty monetary sanction two months ago.

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Vietnam to lower dong by 1 pct against dollar from Thursday

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Báo Thanh Niên English 1 month(s) ago

Vietnam will lower the mid-point rate for trading its currency on the interbank market by 1 percent on Thursday to support exports, the key driver of the economy, the central bank said.

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Inter-bank rate raised by 1 per cent

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

The dong/US dollar inter-bank exchange rate increases by one per cent today after remaining intact for a year.

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Vietnam dong officially devalued 1pct against greenback

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

Vietnam dong officially devalued 1pct against greenback

The State Bank of Vietnam (SBV) on late Wednesday evening announced the decision to adjust the exchange rate between the Vietnam dong and the US dollar.

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China has no influence on Vietnam’s financial markets: Central bank

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VietnamNet English 1 month(s) ago

China has no influence on Vietnam’s financial markets: Central bank

VietNamNet Bridge – China has no significant influence on the Vietnamese finance market, and the dong/dollar exchange rate will remain stable, an official of the State Bank of Vietnam (SBV) has said.

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