Vietnam: dipping into reserves?

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VOV News English 23 hour(s) ago

Vietnam: dipping into reserves?

(VOV) - The Vietnamese government has proposed plans to borrow from its foreign exchange reserves after struggling to issue debt in the bond markets – seven bond auctions failed in May alone.

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Global banks admit guilt in forex probe, fined nearly $6 billion

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Báo Thanh Niên English 3 day(s) ago 1 related news

Global banks admit guilt in forex probe, fined nearly $6 billion

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market.

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Major banks admit guilt in forex probe, fined $6 billion

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Báo Thanh Niên English 3 day(s) ago 1 related news

Major banks admit guilt in forex probe, fined $6 billion

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.

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SBV to buy ‘idle' gold bars for forex reserve

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Báo Dân Trí English 4 day(s) ago 3 related news

SBV to buy ‘idle' gold bars for forex reserve

The State Bank of Vietnam (SBV) will buy gold bars lying idle with domestic individuals and organisations to increase Vietnam's foreign exchange reserves as and when conditions permit.

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Governments can only issue bonds to raise funds for investment: economists

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VietnamNet English 6 day(s) ago

Governments can only issue bonds to raise funds for investment: economists

VietNamNet Bridge - To make up the budget deficit, the government needs to issue bonds to raise funds from the public rather than borrow money directly from the central bank, economists say.

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Central Bank of Vietnam to buy ‘idle' gold bars for forex reserve

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VietnamNet English 4 day(s) ago 3 related news

Central Bank of Vietnam to buy ‘idle' gold bars for forex reserve

The State Bank of Viet Nam (SBV) will buy gold bars lying idle with domestic individuals and organisations to increase Viet Nam's foreign exchange reserves as and when conditions permit.

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SBV to buy ‘idle' gold bars for forex reserve

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VOV News English 4 day(s) ago 3 related news

SBV to buy ‘idle' gold bars for forex reserve

The State Bank of Vietnam (SBV) will buy gold bars lying idle with domestic individuals and organisations to increase Vietnam's foreign exchange reserves as and when conditions permit.

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SBV to buy ‘idle' gold bars for forex reserve

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VietNam News English 4 day(s) ago 3 related news

SBV to buy ‘idle' gold bars for forex reserve

The State Bank of Viet Nam (SBV) will buy gold bars lying idle with domestic individuals and organisations to increase Viet Nam's foreign exchange reserves as and when conditions permit.

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Economists warn against Vietnam's plan to borrow from forex reserves

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Báo Thanh Niên English 5 day(s) ago

Economists warn against Vietnam's plan to borrow from forex reserves

Photo: Le Hieu

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Exchange rate adjustment raises concerns about public debt

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VietnamNet English 1 week(s) ago

Exchange rate adjustment raises concerns about public debt

VietNamNet Bridge The latest dong one-percent devaluation on May 7, though described as “unavoidable”, has raised controversy, because this will lead to a heavier public debt burden.

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Exchange rate adjustment raises concerns about public debt

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VOV News English 1 week(s) ago

Exchange rate adjustment raises concerns about public debt

The latest dong one-percent devaluation on May 7, though described as “unavoidable”, has raised controversy, because this will lead to a heavier public debt burden.

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Dong could weaken if gov’t borrows from foreign-exchange reserves: experts

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VietnamNet English 1 week(s) ago

Dong could weaken if gov’t borrows from foreign-exchange reserves: experts

VietNamNet Bridge - Some economists have warned that if the government borrows money from the national foreign exchange reserves, the dong’s strength will be affected.

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Trade deficit-exchange rate formidable problem for VN

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VietnamNet English 1 week(s) ago

Trade deficit-exchange rate formidable problem for VN

According to the Vietnam General Statistics Office (GSO), trade deficit escalated to US$3 billion in the first four months this year, a three year record high. Especially, the trade gap from China approximated US$10.7 billion.

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Vietcombank buys $1 billion worth of government bonds

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VietnamNet English 1 week(s) ago

Vietcombank buys $1 billion worth of government bonds

Vietcombank, one of the largest Vietnamese commercial banks, has wrapped up a deal to buy $1 billion worth of government bonds in dollars after one year of hectic preparations.

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Government plans to borrow money from nat’l foreign exchange reserves

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VietnamNet English 2 week(s) ago

Government plans to borrow money from nat’l foreign exchange reserves

VietNamNet Bridge - The government has instructed the State Bank of Vietnam to work with relevant ministries to design a mechanism to lend money from national foreign exchange reserves to the government to serve spending.

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