Archive for December, 2016

No hot capital flow poured in foreign currency trading

01-Dec-2016 Intellasia | Bao Dau Tu | 6:00 AM

The US dollar price on the market has constantly soared in the last week. In particular, the US dollar price on the black market some time reached up to 23,600 dong per US [...]
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State Bank stabilises money market

01-Dec-2016 Intellasia | VOV | 6:00 AM

Vietnam’s forex market has been shaken over the past few days. The VND/USD exchange rate has increased, prompting the State Bank of Vietnam to take steps to stabilise [...]
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Stricter rule copes with bank card fraud

01-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

Issuing banks must compensate for cardholders in five working days if they are found to be responsible for cash losses from cardholder accounts, according to a new central [...]
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The factors that increase the dong/ US dollar

01-Dec-2016 Intellasia | Bao Dau Tu | 6:00 AM

The dong/US dollar exchange rate since the last 10 days has surged almost steadily, including the central exchange rate, listed exchange rate of banks and the exchange rate [...]
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Dollar/dong exchange rate cut by 16 dong

01-Dec-2016 Intellasia | VNS | 6:00 AM

After a significant rise in the US dollar/dong reference exchange rate in the past few weeks, the central bank this week cut it by 16 dong to VND22,121 per dollar. The dong [...]
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Two signals strongly affect the US dollar/dong exchange rate

01-Dec-2016 Intellasia | VnEconomy | 6:00 AM

The developments of US dollar/dong exchange rate have quickly been cooled down in the first two days of the week, after the dong interest rates rose sharply on the interbank [...]
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Reference exchange rate goes down 3 dong

01-Dec-2016 Intellasia | VNA | 6:00 AM

The State Bank set the reference VND/USD exchange rate at 22,118 VND per USD on November 30, down 3 VND from November 29. With the current/- 3 percent VND/USD trading band, [...]
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StanChart forecasts dong to fall further against US dollar

01-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

Standard Chartered in a recent report forecast a further depreciation of the dong on the broader US dollar’s strength amid sharp rises of the greenback against other [...]
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Nearly 10,000 new firms established in November

01-Dec-2016 Intellasia | VNA | 6:00 AM

As many as 9,918 enterprises with total registered capital of 87.1 trillion VND (3.83 billion USD) were established nationwide in November, according to the Department of [...]
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HCM City’s CPI up 0.55pct in November

01-Dec-2016 Intellasia | VNA | 6:00 AM

HCM City’s consumer price index (CPI) in November increased 0.55 percent from the previous month, and 3.77 percent compared to the same month last year, the municipal [...]
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Hanoi to promote itself to business on CNN

01-Dec-2016 Intellasia | Bizhub | 6:00 AM

Hanoi would use some $1 million annually for business promotion on the American television network CNN over the next two years, municipal People’s Committee Chair [...]
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Tourism boom: 25.4pct rise in foreign visitors

01-Dec-2016 Intellasia | VNS | 6:00 AM

More than nine million foreigners visited Vietnam from January to November, up 25.4 per cent compared to the same period in 2015, the general Statistical Office (GSO) has [...]
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Vietnam vows full speed ahead with economic reforms, with or without the TPP

01-Dec-2016 Intellasia | SCMP | 6:00 AM

Vietnam has long been seen as one of the biggest potential winners from the TPP, with increased market access for everything from clothing to electronics to footwear As [...]
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Vietnam has trade deficit for second straight month

01-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

Vietnam’s trade deficit in November is projected at $400 million, marking the second straight month imports have been higher than exports, shows data of the general [...]
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Lost oil and fuel duty revenue amounts to 10tr dong by Oct

01-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

The government’s oil and fuel duty policy had led to revenue losses of about VND10 trillion in the year to October, says the general Department of Customs. The customs [...]
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