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

Vietnamese banks prefer borrowing from foreign banks to domestic sources

VietNamNet Bridge - The dollar deposit interest rate in Vietnam remains at zero percent, but commercial banks are still trying to borrow dollars from foreign banks.

Vietnam gains modest achievements in fighting dollarization

VietNamNet Bridge - The State Bank of Vietnam (SBV) has been taking a series of measures to stop dollarization, but the newly released 2015 financial report shows that the goal is still far away.

US dollar appreciation behind hike in dong deposit interest rate

VietNamNet Bridge - The increased demand for loans as well as the dong appreciation has increased the deposit interest rate. 

Many bankers handled roughly in 2015

VietNamNet Bridge - The bankers that were seriously criticized by the local press in 2015 were those that managed banks involved in bad debt scandals.

Investors delay projects as investment channels remain unattractive

VietNamNet Bridge - If capital outflow returns to Vietnam in 2016 thanks to global integration effects, the Vietnamese stock market may become more attractive than last year.

VN central bank applies daily reference exchange rates

The State Bank of Vietnam on January 4 launched the daily average inter-bank exchange rate between the Vietnam dong and the U.S. dollar and reference exchange rates between the dong and some other foreign currencies.

USD price falls as SBV blocks demand

VietNamNet Bridge - The dollar prices quoted by largest commercial banks have fallen since the day the Circular No 15 took effect on October 5.

TPP countries watch out for ‘exchange rate game’

VietNamNet Bridge - Reuters has quoted reliable sources that say TPP member countries plan to sign an agreement not to devalue local currencies to boost their respective exports.

Failing to issue bonds, MOF plans to borrow from Vietcombank

VietNamNet Bridge - Sources said the Ministry of Finance (MOF) is planning to borrow one billion US dollars more from Vietcombank, one of Vietnam’s largest commercial banks, at the interest rate of 3-4 percent per annum.

Is Vietnam facing deflation?

VietNamNet Bridge - Vietnam saw the lowest consumer price index (CPI) increase in the last 10 years in September, which has raised concerns about the risk of deflation.

SBV to hold forex rate steady until early 2016

The State Bank of Viet Nam has said it would hold the exchange rate steady till the end of the year and also in the early months of 2016.

Exchange rate, budget deficit are high risks for Vietnam economy

The dong/dollar exchange rate and the loss of state budget revenue from tax collections are the two most serious challenges for the national economy, according to a report issued in July by the National Finance Supervision Council.

Dong/dollar exchange rate likely to stay firm

VietNamNet Bridge - Businesses and analysts all believe that the State Bank (SBV) will not devalue the dong again this year because there will be less pressure on the exchange rate.

Statistics Office’s inaccurate prediction about trade deficit behind dollar price hike?

The predicted high trade deficit in the first four months of the year reportedly put pressure on the exchange rate and led to the State Bank’s decision to devalue the VND by one percent on May 7. 

Surplus in international payment balance eases anxiety about dollar supply

VietNamNet Bridge - Vietnam expects to have a surplus of $5 billion in international payments in 2015, which means there will be enough dollar supply in the domestic market.

Vietnamese look forward to news from world market

VietNamNet Bridge - Any happening in the world, from war, gold price fluctuations to politicians’ speeches can have an immediate impact on the Vietnamese market.

Chinese attempt to bring casinos into Vietnam

VietNamNet Bridge - Will the increasingly high investments by mainland China, Taiwan, Hong Kong and Macau bring opportunities or challenges?

Vietnam considers joining big exporters to stop coffee price slide

VietNamNet Bridge - The Ministry of Agriculture and Rural Development (MARD) said it is considering cooperating with the world’s coffee metropolises to halt the drop in coffee prices, because “inner strength” alone will not help.

Businesses prefer offshore loans because of low interest rates

VietNamNet Bridge - Though domestic lending interest rates have decreased sharply since 2014, Vietnamese businesses are still seeking offshore loans because of the lower capital needed.