Tag: "currency"

Exchange rate eases after July peak

Exchange rate eases after July peak

Money  -  2 month

The Vietnamese dong has strengthened against the U.S. dollar after hitting a peak in late July, with the exchange rate now at its lowest level in several months.

Vietnam tops world in crypto adoption as investor confidence falls

Vietnam tops world in crypto adoption as investor confidence falls

Leader Talk  -  2 year

Despite the impacts of the Terra Luna collapse and billions of crypto stolen by hackers this year, the growth of responsible innovation in the crypto industry is unlikely to be stopped, said Joshua Foo, Regional Director of Chainalysis ASEAN and Central Asia.

Vietnam’s local currency bond market posts positive growth through Covid-19

Vietnam’s local currency bond market posts positive growth through Covid-19

National Focus  -  4 year

While Covid-19 drags on local currency bond markets in emerging East Asia, the market still got a positive increase.

Moody's puts Vietnam under review for downgrade because of delayed payment

Moody's puts Vietnam under review for downgrade because of delayed payment

National Focus  -  5 year

Moody's Investors Service has placed the Ba3 local and foreign currency issuer and senior unsecured ratings of the government of Vietnam under review for downgrade, which Vietnam's Ministry of Finance said is not convinced.

VPBank raises $300 million under $1-billion EMTN Programme

VPBank raises $300 million under $1-billion EMTN Programme

Business  -  5 year

Vietnam Prosperity JSB (VPBank) has successfully issued $300-million 3-year notes to Asian and European investors within the context of its $1-billion Euro medium term note (EMTN) programme.

Vinhomes, Masan secure first spot among top corporate bond issuers

Vinhomes, Masan secure first spot among top corporate bond issuers

Business  -  5 year

The first quarter saw the outstanding amount of local currency (LCY) corporate bonds reached some $4.34 billion, with growth declining 1.3 per cent quarter-on-quarter but rising 31.9 per cent year-on-year, according to ADB.

Vietnam has no intention to manipulate the dong, says MOFA

Vietnam has no intention to manipulate the dong, says MOFA

National Focus  -  5 year

The Ministry of Foreign Affairs (MOFA) reaffirmed that Vietnam has never carried out a scheme nor had an intention to manipulate the local currency in a bid to gain a competitive advantage in international trade.

Vietnam authorities look for crackdown on unlawful cryptocurrencies after $660 million scam

Vietnam authorities look for crackdown on unlawful cryptocurrencies after $660 million scam

National Focus  -  6 year

Shortly after an accused scam involved in hundreds of millions of dollars and thousands of people, Prime Minister Nguyen Xuan Phuc recently called for rules to strengthen the management on activities related to cryptocurrencies.

SBV responds to Enterprises' proposal to lower lending rates

SBV responds to Enterprises' proposal to lower lending rates

Business  -  7 year

In the context of increasing inflation expectation since 2016, demand for credit capital and Government's bond issuance continues to be higher and higher, while the pace of investment capital disbursement still remains low, putting pressure on credit demand.

Vietnam has no intention to manipulate the dong, says MOFA

Vietnam has no intention to manipulate the dong, says MOFA

National Focus  -  5 year

The Ministry of Foreign Affairs (MOFA) reaffirmed that Vietnam has never carried out a scheme nor had an intention to manipulate the local currency in a bid to gain a competitive advantage in international trade.

IFC seeks buyers for its $350 million-stake in VietinBank

IFC seeks buyers for its $350 million-stake in VietinBank

National Focus  -  6 year

IFC's investment in VietinBank increased more than two times in local currency VND after seven years.

Vietnamese currency improvised from US-China tit-for-tat trade war

Vietnamese currency improvised from US-China tit-for-tat trade war

National Focus  -  6 year

The Vietnamese government will have appropriate improvisation instead of floating the exchange rate under the context of escalating trade war between the U.S. and China, according to economic experts.

Foreigners may be permitted to open saving accounts in local currency

Foreigners may be permitted to open saving accounts in local currency

Finance  -  7 year

According to the draft circular of the State Bank of Vietnam (SBV), non-resident foreigners can deposit savings in both local and foreign currency at commercial banks, a positive move not only to limit speculation in the market but also guarantee legal reights for non-residents presenting in Vietnam.

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