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CPTPP gives great chances for Vietnam’s tra fish exports

CPTPP gives great chances for Vietnam’s tra fish exports

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening the door wide for Vietnamese tra fish, a major foreign currency earner, to enter the markets of 10 other members of the deal.

Cash withdrawal limit in foreign countries set at VND30 million

Cash withdrawal limit in foreign countries set at VND30 million

Commercial banks have to adjust the limit of cash withdrawals in foreign currency abroad to the maximum equivalent of VND30 million (some US$1,300) per day for international credit and debit cards from early this year to meet a central bank regulation.

Central bank requests control on foreign currency loans

Central bank requests control on foreign currency loans

Governor of the State Bank of Vietnam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.

SVB enhances capacity to intervene in foreign currency market

SVB enhances capacity to intervene in foreign currency market

The recent increase in the VND/USD exchange rate was due to inside and outside impacts such as some poor sessions in the domestic stock market and the USD price rise globally, according to Pham Thanh Ha, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department.

Vietnam laborers abroad annually remit home US$3 billion

Vietnam laborers abroad annually remit home US$3 billion

The amount of foreign currency sent home annually by Vietnamese workers in other countries is estimated at US$3 billion on average, heard a policy consultation workshop on “the role of the trade unions in promoting fair recruitment and decent work for overseas migrant workers.”

VISA: Vietnamese people expected to travel and spend more

VISA: Vietnamese people expected to travel and spend more

Vietnamese travellers take the most shorts trips in the world, and the trend is expected to be on the rise with more local travel outside of Asia and spend more on their trips, according to Visa Global Travel Intentions (GTI) Survey.

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 Vietnam (SBV) does not extend a circular regulating the loans.

Gov’t urges mobilisation of idle gold

Gov’t urges mobilisation of idle gold

The Government Office last week sent a written document to the central bank governor, referring to the mobilisation of idle gold and foreign currency sources from the people.

Inflation forecast to hit 2.6 percent this year

Inflation forecast to hit 2.6 percent this year

Vietnam’s inflation this year is forecast to reach 2.6 percent barring fluctuations of prices on world markets and adjustment in the cost of public services, the National Financial Supervisory Commission (NFSC) reported on June 12.