Tags: foreign exchange

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.

Treasury puts US$10.5 billion in five banks

Treasury puts US$10.5 billion in five banks

The State Treasury deposited more than VND238.49 trillion (US$10.5 billion) in five commercial banks by the end of last year, up 3.3 times against January.

Foreign exchange market to be stable in 2018

Foreign exchange market to be stable in 2018

Commercial banks are optimistic about the foreign exchange market in 2018, noting that the market would be stable with the Vietnamese dong devaluing slightly by some 0.5-1 percentage points to VND22,710 to VND22,950.

EVN to pay tax arrears of VND1.9 trillion

EVN to pay tax arrears of VND1.9 trillion

The Ministry of Finance (MoF) is demanding more than VND1.9 trillion (US$85 million) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.

Unlocking FX hedge may be next in reform agenda

Unlocking FX hedge may be next in reform agenda

Vietnam is committed to opening the doors to foreign investors and improving market access, and unlocking its foreign exchange hedging market is what the country can consider to do first hand.

Monetary policy supports economic growth

Monetary policy supports economic growth

A flexible monetary policy supported stability in Vietnam’s financial market and fostered economic growth this year, a National Financial Supervisory Commission (NFSC) official said in Hanoi recently.

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.