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Vietnamese đồng should be devaluated at moderate rate, says VEPR

The Việt Nam Institute for Economic and Policy Research (VEPR) has suggested devaluing the Vietnamese đồng against the US dollar but at a slower rate than the depreciation of China’s yuan against the greenback.

 

Central bank triples net injection to $1.96 billion

Demand for the Vietnamese đồng has surged significantly recently, pushing up interest rates in the inter-bank market.

   

Foreign banks enlarge operations in Việt Nam

Foreign banks in Việt Nam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.

   

Exchange rate policy: A guessing game

Exchange rate policy: A guessing game, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

The State Bank of Vietnam has enough resources to stabilize the foreign exchange market, which is under the pressure of change due to several factors. However, it’s not easy to guess the con [ … ]

   

HD Bank offers preferential loans at 6.3 per cent interest through cards

Housing Development Bank (HD Bank) has unveiled a preferential loan package at 6.3 per cent interest meant for customers borrowing on their credit card with a limit of VNĐ300 million (US$13, [ … ]

   

Banks refuse to buy US dollars from central bank

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, SBV, exchange rate, intervention

A senior official of the State Bank of Vietnam (SBV) on July 4 told Thoi Bao Kinh Te Vietnam that commercial banks had not registered to buy dollars at preferential prices from SBV.

   

Central bank made $9 billion net injection in H1

Commercial banks’ liquidity was good in the first half of this year thanks to the State Bank of Việt Nam’s (SBV) net injection of nearly VNĐ210 trillion (US$9.17 billion), the latest report [ … ]

   

State Treasury raises over VNĐ3.5 trillion via G-bonds

The State Treasury of Việt Nam mobilised VNĐ3.51 trillion (US$152 million) through Government bond auctions at the Hà Nội Stock Exchange (HNX) on Wednesday.

   

Banks rush to complete more M&A deals

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, MA, Basel II, SBV

Many banks have succeeded in scaling up their operation through Mamp;As, but others have taken on new burdens.

   

Banks told not to raise ATM cash withdrawal fees

The State Bank of Việt Nam (SBV) on Tuesday directed commercial banks not to increase ATM fees after some commercial banks announced plans to hike fees from the middle of this month.

   

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new serv [ … ]

   

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