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Update news foreign currencies
Vietnam has sufficient resources to stabilise forex market: State Bank
The State Bank of Vietnam has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market.
Vietnam’s foreign reserves surge 2.5 times from 2015’s figure
Vietnam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.
New regulations on use of foreign currencies in Vietnam
The State Bank of Vietnam issued Circular No. 03/2019/TT-NHNN on amending and supplementing a number of articles of Circular No. 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies in Vietnam.
US stocks lose all gains made in 2015
Shares in the US fell sharply on Tuesday, as investors fretted that the Federal Reserve could raise interest rates earlier than expected.
Will lending in foreign currencies be stopped sooner than expected?
VietNamNet Bridge – Businesses are “reading between the lines” and assuming that they will not be able to borrow money in foreign currencies from early 2015.
Fewer Russian tourists as foreign currencies depreciate against US dollar
VietNamNet Bridge – Travel agencies complain that it is difficult to attract foreign travelers from some markets because of the depreciation of many foreign currencies against the dollar, which has made tours more expensive.
Only Vietnamese can deposit foreign currencies
VietNamNet Bridge – Vietnam plans to set up a new regulation under which foreign residents, not Vietnamese citizens, cannot deposit foreign currencies at the banks in Vietnam.
Stability helps bolster investors’ confidence
VietNamNet Bridge – The confidence of investors in Vietnam’s economy has strengthened further lately owing to macroeconomic stability the country has achieved, said the National Financial Supervision Committee.
Gold serves as a tool for central bank to regulate capital supply
Some 15 tons of gold has been sold by the State Bank of Vietnam through bidding. It is estimated that VND15 trillion has been taken back from the gold sale.
The original market, where 3 currencies are used for payment at the same time
At the Na Meo Market in Na Meo commune of Quan Son district in Thanh Hoa province, buyers and sellers can use three currencies, including Vietnam dong, Lao kip and US dollar, in making payment.
