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Speculation blamed for forex volatility

 VietNamNet Bridge – As the greenback has been soaring against the dong in recent weeks, financial commentators have suggested this may be a result of dollar speculation in the forex market.

Dollar rises after forex rate change

 The State Bank of Viet Nam weakened the Vietnamese dong by 1 per cent, raising the US$-VND daily reference rate from VND21,246 to VND21,458.

Forex rate adjustment likely for early 2014

VietNamNet Bridge – The foreign exchange rate between the Vietnamese dong and US dollar is likely to be increased by one percentage point in early 2014, according to the Business Times.

BUSINESS IN BRIEF 20/8

 FLC buy-out hastens Hanoi’s Alaska Garden City; Forex rates to remain stable; Viettel seeks equal hi-tech incentives; Mining, new products boost Masan Q2 profits

No forex rate adjustment now, says SBV

 VietNamNet Bridge – The State Bank of Vietnam (SBV) will not adjust the foreign exchange rate at present and will take bold measures to stabilise the forex market, a senior SBV official has affirmed.

Forex fluctuations forecast to be temporary

 VietNamNet Bridge – Since the start of June, the Vietnamese dong has been falling against the US dollar after a long time of stability.

Central bank calms foreign exchange market

 VietNamNet Bridge – During the last two weeks the domestic foreign exchange market saw continuous fluctuations in the forex rate between the dong and US dollar,