Forex

Update news Forex

Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.

VN Central Bank takes steps to shrink dollar credit

VietNamNet Bridge - Having bought a large amount of foreign currency to increase forex reserves, the State Bank (SBV) is continuing its strategy to downsize foreign currency credit.

BUSINESS IN BRIEF 10/1

HCMC apartment supplies surge; Dong fall piles pressure on foreign debt payment; Fuel import tariffs hiked to back wholesalers - ministry; Amata seeks to invest in Binh Dinh; HSBC puts GDP growth at 6.1% this year

BUSINESS IN BRIEF 26/11

UMA nation's top furniture retailer; Five VN firms in ASEAN 100 list; HCM City failing to meet SOE equitisation goal; Investors buy still-unfinished apartments; CPI falls on lower transport costs;

Foreign-currency price fluctuations benefit businesses

VietNamNet Bridge – The appreciation of the Vietnam dong against other currencies has benefited many import/export companies.

BUSINESS IN BRIEF JULY 17

Brighter economic outlook accelerates car sales in H1; HOSE sees busy year for securities trading; Investors lack clear regulations; Forex rate tumbles after State Bank announcement; Viet Nam, Argentina sign MoU; FPT buys 123mua.vn from VNG

BUSINESS IN BRIEF 7/6

Piaggio Vietnam recalls 10,000 Vespa scooters; Thousands of foreign experts return to work in Binh Duong; Singaporean investors still confident in Vietnam after riots; SBV calms forex fluctuations

BUSINESS IN BRIEF 3/4

 Automated customs system launched; Central bank adds to forex reserves; Industry minister grilled by NA deputies; Russia - Vietnam’s 18th largest foreign investor; Labour demand outstrips supply

BUSINESS IN BRIEF 1/9

 Bigger incentives proposed to spur supporting industries; Vung Tau swoops into top ten; Procedures still concern realty developers; Kinh Do ventures into instant noodle market

BUSINESS IN BRIEF 26/8

 Land site for US$4.5-billion oil project handed over; Foreign investors keen on Vietnam’s bad debts; Software processing industry shifts to high-value segment; Services buoy banks’ revenues

The enigmatic silence on the foreign currency market

The state management agencies kept silent when something unusual happened in the foreign currency market. As a result, people had no other choice than making a wild guess about the market prospect.