Currently, the greenback could hardly be acquired from commercial banks at the quoted forex rate without additional fees, many enterprises moaned. Reasons The interbank forex rate daily announced by the central bank and forex rate quoted at commercial banks exist on paper only, said a manager of an animal feed firm in Lai Thieu, Thuan [...]
A representative of Standard Chartered said the US dollar will be gradually depreciated against the currencies of most Asian countries in 2012, but Vietnamese dong will be an exception. According to the prediction of Tai Hui – Head of Southeast Asia Economic Research Department of Standard Chartered Bank, the forex rate by the end of [...]
In case the State Bank of Vietnam managed to keep the dollar exchange rates stable within 1% band, it is anticipated that the USD/VND rates are to be adjusted at the beginning of 2012. In case the State Bank of Vietnam managed to keep the dollar exchange rates stable within 1% band, it is anticipated [...]
Vietnam’s central bank continued to weaken the dong for the 14th time from October 5, 2011 against the USD after adjusting the exchange rate down by VND15 to VND20,803 a dollar today, the all time record low. The SBV has weakened the dong by VND175 or 0.85% in the past 14 times in October, getting [...]
For many reasons, 70 percent of enterprises refuse to apply the measures that allow to protect them from the exchange rate fluctuations. The foreign currency market is witnessing the highest dollar price increase so far this year. Just within the last 15 days, the State Bank of Vietnam adjusted the interbank exchange rate 10 times, [...]
Vietnam’s central bank continued to weaken the dong for the 13th time from October 5, 2011 against the USD after adjusting the exchange rate down by VND20 to VND20,788 a dollar today, the all time record low. The SBV has weakened the dong by VND160 or 0.78% in the past 13 times in October, getting [...]
Vietnam’s central bank continued to weaken the dong for the 12th time from October 5, 2011 against the USD after adjusting the exchange rate down by VND20 to VND20,768 a dollar today, the all time record low. The SBV has weakened the dong by VND140 or 0.68% in the past 12 times in October. Commercial [...]
The dollar free market is bustling these days since the dollar price has been escalating, and the demand for dollar has also been increasing. Some months ago, people believed that the dollar free market was eliminated when the State Bank reinforced its inspection to gold shops and vowed to clear illegal dollar trading. However, the [...]
Vietnam’s central bank kept the exchange rate at VND20.748 a dollar for a third working day after weakening the dong for the lowest level in the history on Oct 21, 2011. Commercial banks are allowed to apply effective exchange rates +/-1% from the official exchange rate set by the central bank, accordingly, the ceiling price [...]
The exchange rate quoted by commercial banks was adjusted nine times in the last 20 days, thus making the foreign currency market burning. This has been partially attributed to the fact that G5 (the five commercial banks assigned the task of stabilizing the gold market) are collecting dollars in large quantities after selling 10 tons [...]
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