Tags: central bank

Vietnam dong may slide 5% against US dollar

Vietnam dong may slide 5% against US dollar

The dong will fall around 4%-5% against the US dollar this year as the Federal Reserve is expected to rate interest rates further and push up the greenback, the Vietnam News Agency reported on February 15, citing new forecasts.

Banking restructuring scheme fruitful

Banking restructuring scheme fruitful

Vietnam’s banking restructuring scheme, launched by the central bank four years ago, has achieved almost all of its important objectives, a senior official of the State Bank of Vietnam (SBV) said at a recent press conference in Hanoi.

Dong strengthens against dollar

Dong strengthens against dollar

Vietnam's currency, the dong, has strengthened against the US dollar this week after the central bank's recent regulations on tightening foreign currency transactions.

Eximbank denies supervision rumours

Eximbank denies supervision rumours

The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has dismissed rumours of being placed under special supervision by the central bank or that its chairman had been arrested.

Central bank widens VND/USD trading band

Central bank widens VND/USD trading band

The State Bank of Vietnam (SBV) has widened the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent, applicable from August 12 onwards.

Forex rate stable after dong devaluation

Forex rate stable after dong devaluation

The foreign exchange market has stabilised after fluctuations caused by the State Bank's recent decision to devalue the Vietnamese dong by 1%, according to independent market analysts.

Central bank urged to continue flexible monetary policy

Central bank urged to continue flexible monetary policy

The State Bank of Vietnam (SBV) has been requested to continue implementing flexible monetary policies in close association with fiscal policy in order to ensure macro-economic stability, support production development, and boost economic growth.

Vietnam, Italy share banking experience

Vietnam, Italy share banking experience

Policies to stabilise the monetary market and finance small- and medium-sized enterprises (SMEs) topped the agenda of discussions between visiting Vietnamese financial and banking officials and representatives from the Association of Banking in Italy (ABI) in Rome on January 9.

SBV to continue lowering deposit interest rates

SBV to continue lowering deposit interest rates

(VOV) -The State Bank of Vietnam (SBV) will pursue its low interest rate monetary policy designed to stimulate the economy, said Deputy Director of the SBV’s Monetary Policy Department Nguyen Thi Thu Ha at a recent press briefing in Hanoi.