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

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Báo Đầu Tư English 13 hour(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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Dollar holds steady against euro; yen climbs

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Báo Đầu Tư English 2 day(s) ago

Dollar holds steady against euro; yen climbs

The dollar held steady against the euro on Monday in a market focused on the Federal Reserve's interest-rate plans, while the yen gained after the G7 warned Japan against currency intervention.

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Asian stocks chase Wall St down, Japan GDP beats forecasts

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Báo Đầu Tư English 7 day(s) ago

Asian stocks chase Wall St down, Japan GDP beats forecasts

Asian stock markets mostly fell on Wednesday (May 18) after a two-day rally and strong US data that fuelled talk of an interest rate rise, while Tokyo swung back and forth following a better-than-forecast economic growth reading.

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Gov’t issues April regular resolution

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Báo điện tử CP English 2 week(s) ago 2 related news

Gov’t issues April regular resolution

VGP – Stable interest rates, interest rate cuts, organizations of national high school graduation and university entrance exams, assessment of environmental protection, and protection of the upcoming National Assembly and People’s Council elections were detailed in the Government’s regular meeting in April.

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As Philippines awaits Duterte, central bank gives stability

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Báo Thanh Niên English 1 week(s) ago

As Philippines awaits Duterte, central bank gives stability

Philippines’ central bank Governor Amando Tetangco has emerged as a pillar of stability for investors grappling with a brash incoming president who has little economic policy experience.

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Business highlights – May 2-8

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Báo điện tử CP English 2 week(s) ago

VGP - Tough punishments on USD deposit interest rate ceiling violation, construction on a US$220 million wind power plant in Tra Vinh, fuel prices increasing VND600 per liter and Industrial Production Index (IPI) up 8% are highlights in the national economy from May 2-8.

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State bank governor gets strict with USD deposit rates

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Báo Dân Trí English 2 week(s) ago

State bank governor gets strict with USD deposit rates

The Governor of the State Bank of Vietnam (SBV) on May 6 issued documents requesting strict compliance with the rules on ceiling USD deposit interest rate which is capped at 0% annually.

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Tough punishments on USD deposit interest rate ceiling violation

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Báo điện tử CP English 2 week(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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Real estate sector M&As on the rise

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Báo Đầu Tư English 3 week(s) ago

Real estate sector M&As on the rise

Vietnam is becoming an attractive profit-generating market for investment in Southeast Asia, with a low interest rate, record low inflation in 2015, and the VND exchange rate far better than other currencies in the region.

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MoF dashes MoIT’s bid for steel plant tax exemption

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Báo Đầu Tư English 1 month(s) ago

MoF dashes MoIT’s bid for steel plant tax exemption

The implementation of the second phase in the mammoth Thai Nguyen Iron and Steel expansion project is hanging in the balance after the Ministry of Finance disagreed with most of the incentive proposals necessary to the project’s resumption.

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Dollar slips, yen rises ahead of central bank meetings

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Báo Đầu Tư English 1 month(s) ago

Dollar slips, yen rises ahead of central bank meetings

The dollar slipped against the euro and the yen on Monday in a cautious market ahead of interest rate decisions by the Federal Reserve and Bank of Japan this week.

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Firms adapt to anti-dollar drive

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

Firms adapt to anti-dollar drive

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Viet Nam (SBV)'s new regulation on tightening foreign currency credit.

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PM calls for efforts to meet growth target

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SaiGon GP English 1 month(s) ago

PM calls for efforts to meet growth target

Prime Minister Nguyễn Xuân Phúc has urged the Ministry of Planning and Investment (MPI) and other ministries and agencies to promptly reach consensus on solutions to the lingering problems facing the country in order to fulfill the growth target of 6.7 per cent for 2016 as approved by the National Assembly, with special attention paid to inflation and the interest rate.

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Viettel weathers exchange rate volatility with no small success

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Báo Đầu Tư English 1 month(s) ago 3 related news

Viettel weathers exchange rate volatility with no small success

Despite adverse changes in the interest rate, Viettel still made a profit on its international operations.

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Vietnamese deposit $7.3b abroad

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Báo Đầu Tư English 1 month(s) ago

Vietnamese deposit $7.3b abroad

Viet Nam saw US dollar deposits overseas skyrocketing, possibly due to foreign currency policies implemented by the central bank, the Việt Nam Institute for Economic and Policy Research (VEPR) said.

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