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Chinese nationals arrested for money smuggling

Chinese nationals arrested for money smuggling

VOV.VN -Two Chinese citizens have been arrested at the Km15-Ben tau Dan Tien checkpoint in the border city of Mong Cai for illegally transporting Chinese Yuan into Vietnam on May 27, according to Nguyen Huy Dong, head of the checkpoint.

Dong devaluation cause for concern

Dong devaluation cause for concern

With a double dose of the Federal Reserve’s possible rate hikes combined with the Chinese yuan’s 1.5% retreat in May, there is concern it could trigger the dong’s further devaluation and have an unkind impact on the local economy as a whole.

MoIT presses to trim import dependence on China

MoIT presses to trim import dependence on China

VOV.VN - In 2015, the Vietnam trade deficit with China hit an all-time record high of US$32.3 billion and the effect on the nation’s economy has not been beneficial, says the Ministry of Industry and Trade (MoIT).

CNY addition to IMF currency basket has little impact on Vietnam

CNY addition to IMF currency basket has little impact on Vietnam

The recent inclusion of the Chinese yuan (CNY) to the reserve currency basket of the International Monetary Fund (IMF) will not have any significant impacts on Vietnam’s economy, experts said, adding that it takes at least six months or even a year to see any impacts.

VCFO Seminar: Coping with global ‘Currency War’

VCFO Seminar: Coping with global ‘Currency War’

(VOV) - The Vietnam Financial Officers Association (VCFO) has unveiled that 300 leading international finance professionals will gather in Ho Chi Minh City on November 24 to discuss strategies to cope with the threat of a global 'Currency War'.

Electronics importers mull price hikes

Electronics importers mull price hikes

Importers of electronics products are weighing spiking prices weeks after the devaluation of the Vietnam dong against the US dollar, which is claimed to have pushed up the prices of imports denominated in the dollar.

Vietnam still safe from yuan devaluation

Vietnam still safe from yuan devaluation

The government of Vietnam has said that the national economy has not been hurt by the Chinese yuan devaluation but analysts are less optimistic.

SBV expects stable forex

SBV expects stable forex

The forex market has begun to stabilize as the central bank has, once again, pledged that it would not devalue the dong any further for the rest of the year.

Story behind yuan devaluation

Story behind yuan devaluation

(VOV) - The biggest 3-day devaluation of Chinese yuan since the establishment of the modern forex system in 1994 has shocked regional and global financial markets.

Sympathy for Chinese flood victims

(VOV) - Foreign Minister Pham Binh Minh on July 16 extended sympathy to his Chinese counterpart Wang Yi over the recent floods and landslides in Sichuan and some southern provinces of China that caused great human and material losses.