Tags: foreign currencies

Vietnamese travelers abroad still prefer cash: survey

Vietnamese travelers abroad still prefer cash: survey

Vietnam’s outbound tourists, who still prefer paying in cash, could surpass the number of Thailand's in the next decade, according to a report from the tourism consulting firm Outbox Consulting.

PM requests enhancing fight against cyber crime

PM requests enhancing fight against cyber crime

Cyber crime has become complicated in recent years, especially online gambling and football betting, causing an outflow of foreign currencies, Prime Minister Nguyen Xuan Phuc has admitted.

New regulations on use of foreign currencies in Vietnam

New regulations on use of foreign currencies in Vietnam

A circular amending and supplementing several provisions of Circular 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies in the territory of Vietnam became effective on May 13.

HCM City’s capital mobilisation sees 13.8% growth

HCM City’s capital mobilisation sees 13.8% growth

Capital mobilisation by banks in Ho Chi Minh City exceeded VND2.135 quadrillion (about US$92 billion) as of early July, up 1.69% from the previous month and 13.83% year-on-year, said the municipal Department of Statistics.

Foreign exchange reserves hit US$63.5 billion

Foreign exchange reserves hit US$63.5 billion

The State Bank of Vietnam (SBV)’s net purchase of foreign currencies exceeded US$11 billion in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately US$63.5 billion.

Interbank interest rate sharply rises

Interbank interest rate sharply rises

The Vietnam dong’s interest rate on the interbank market exceeded 3% per annum for the first time over the past more than six months.

Overseas remittances heating up for Tet holiday

Overseas remittances heating up for Tet holiday

Over the course of January, the total overseas remittances wired from compatriots to families and relatives living in Vietnam saw a notable increase, especially with Tet Holiday just around the corner.

Exporters worry as end of foreign loans nears

Exporters worry as end of foreign loans nears

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Viet Nam (SBV) does not extend a circular regulating the loans.

What were the best investment channels in 2016?

What were the best investment channels in 2016?

People are investing their money in five main channels of stocks, gold, foreign currencies, property assets and savings but which of these offered the highest returns in 2016?

Inter-bank rates hit record low

Inter-bank rates hit record low

Following the continuous decline over the past weeks, inter-bank rates across all tenors hit a record low, staying at below 1% per year.

Better performance forecast for banks in H2

Better performance forecast for banks in H2

Business performance at commercial banks is forecast to continue its upwards trend this quarter after making some improvements in the first half of the year, a State Bank of Vietnam (SBV) survey said

Foreign exchange reserves skyrocket

Foreign exchange reserves skyrocket

Vietnam’s foreign exchange reserves, exclusive of gold, reached a record high of US$38 billion in mid-June, said State Bank of Vietnam Governor Le Minh Hung.

Creditors expecting strong 2016

Creditors expecting strong 2016

Many credit institutions are optimistic about their business this year thanks to a growing economy and the ability of businesses to take loans.

Foreign investors allowed to open dong accounts

Foreign direct investment (FDI) enterprises and foreign investors can now open direct investment capital accounts in Vietnamese dong from September 25, besides accounts in foreign currencies.

Dollar credit growth safe: SBV

There is no need to worry about credit growth in foreign currencies in the first half of this year as the ratio of dollar loans versus mobilisation is within its safe threshold.