Total volume in the interbank market during Oct 15-19 was up 31% and 40% for VND and USD transactions, respectively, compared to the previous period (Oct 8-14)’s level, the local newswire DVT.vn reported, citing the central bank’s data. Total transaction volume in the interbank market during Oct 15-19 in the dong reached VND163.553 trillion or [...]
The State Bank of Vietnam, the country’s central bank, said it was finalizing the strategies to restructure the local banking system with three proposed plans, the Saigon Economic Times Online reported on Oct 29. Firstly, the central bank will seek for restructuring the banking sector through technical methods with currently available tools. For example, the [...]
The State Bank of Vietnam submitted to the government a draft decree on gold trading management, specifying seven measures to closely monitor the gold market on Oct 28. The government’s moves Vietnam’s government has issued new a Decree No.95/2011/ND-CP on Oct 20 setting higher fines and added new punishment for those banks which violated foreign [...]
Although new foreign direct investment (FDI) attractions have slumped, many operational projects have seen a surge in additional capital, said the Foreign Investment Agency under the Ministry of Planning and Investment. The agency said the figures of both the fresh FDI and additional capital in existing projects improved in October, with the latter outpacing the [...]
Deputy Prime Minister Hoang Trung Hai said in Hanoi on Saturday that the government plans to adopt supportive policies to attract more investors in the agricultural sector. Hai was speaking at a meeting organized by the Ministry of Agriculture and Rural Development in Hanoi on Saturday to discuss policies to evolve the agriculture sector during [...]
Vietnam gold continued falling VND0.2 million to VND45.1 million a tael this morning as the world gold prices eased, local dollar prices were kept at VND20.803, unchanged from Friday. SJC gold in the free market was traded at VND44.700 million and VND45.050 million/tael for bid and ask respectively by 9:30 Hanoi time. SJC Hanoi last [...]
Vietnam’s central bank kept the exchange rate at VND20.803 a dollar today, unchanged from last Friday after weakening the dong for 14 times in October. The SBV has weakened the dong by VND175 or 0.85% in the past 14 times in October, getting closer to the SBV’s target to limit the exchange rate rise under [...]
Vietnam consumer price index is expected to slow down to 02.-0.3% in November, the domestic market regulation commission said. The domestic prices are expected to be mainly affected by raw-materials including oil prices and the dollar exchange rate. On the up side, rice prices are expected to increase on high demand and on impacts of [...]
“I think besides the capital, the most significant thing we have gained from the increased stake is CBA’s long-term and strong commitment towards VIB.” Vietnam International Bank (VIB) and Commonwealth Bank of Australia (CBA) have announced the Australian bank’s increased stake in VIB from 15 to 20 per cent. Han Ngoc Vu, chairman of VIB’s board [...]
Thailand’s SCG has set its long-term vision for Vietnam’s business growth as one of its core regional markets. The group last week reported its revenues from sales at 7.05 billion Thai baht ($229 million) in Vietnam in the first nine months of 2011, an on-year growth of 15 per cent. Until now, SCG’s total assets [...]
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