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forex market

Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011. 
Central bank works to raise interbank rates and ease forex market

Central bank works to raise interbank rates and ease forex market

The State Bank of Vietnam (SBV) has shortened terms and kept interest rate of its bills unchanged to increase the attractiveness of the bill channel.
Improved forex market helps central bank buy greenback

Improved forex market helps central bank buy greenback

At a press conference to implement works of the banking industry in 2023 held on Tuesday, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said the devaluation rate of the đồng was lower than that of...
Central bank sold greenback to stabilise forex market

Central bank sold greenback to stabilise forex market

The State Bank of Viet Nam (SBV) has so far this year sold about US$12-13 billion to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).
Central bank sold roughly 7 billion to stabilise forex market

Central bank sold roughly $7 billion to stabilise forex market

The State Bank of Viet Nam (SBV) sold about US$7 billion in the first five months of this year to balance the supply and demand sources of the greenback in the domestic forex market.
Authorities want banks to give up corporate bond addiction

Authorities want banks to give up corporate bond addiction

The Ha Noi Stock Exchange said that Nha Trang Bay Investment and Construction Joint Stock Company successfully issued private corporate bonds worth VND650 billion (US$28.2 million), all of it to the Viet Nam Maritime Bank.
USD weakens as central bank mulls dollar sales

USD weakens as central bank mulls dollar sales

The dollar weakened against the dong at commercial banks yesterday, following the central bank’s affirmation that it will sell the greenback in order to stabilise the forex market.
Forex market calms down after SBV pledges to stabilise rate

Forex market calms down after SBV pledges to stabilise rate

The foreign exchange (forex) market cooled down yesterday after the State Bank of Viet Nam (SBV) committed to keeping the exchange rate stable.
SBV head vows to keep forex changes on hold

SBV head vows to keep forex changes on hold

The State Bank of Viet Nam Nguyen Van Binh made clear that he would keep the forex market stable till the year-end if adjustment is a must, the margin would be within 2 per cent.
SBV vows vigilance as forex, gold prices tumble

SBV vows vigilance as forex, gold prices tumble

The price of gold at commercial banks declined sharply yesterday after the State Bank of Viet Nam announced a commitment to stabilising the gold and forex market.