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forex

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.
Việt Nam doesnt manipulate currency: US Treasury

Việt Nam doesn’t manipulate currency: US Treasury

Việt Nam did not manipulate the rate of exchange between the Vietnamese đồng and the US dollar for purposes of preventing effective balance of payments adjustments, or gaining unfair competitive advantage in international trade in the four quarters through December...
Central bank withdrew VNĐ93 trillion to stabilise the gold and forex markets

Central bank withdrew VNĐ93 trillion to stabilise the gold and forex markets

According to SBV’s data, as of May 24, it sold a total of 48,500 taels of SJC gold with the winning bid price of VNĐ81.3-89.4 million per tael. It meant the estimated amount of money the SBV earned from the...
UK magazine names Sacombank Best Forex Bank in Viet Nam for 3rd straight year

UK magazine names Sacombank Best Forex Bank in Viet Nam for 3rd straight year

Sacombank has been named “Best Forex Bank in Viet Nam” in 2023 by the UK’s Global Banking & Finance Review.
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...
Banks gain big profits from forex trading

Banks gain big profits from forex trading

Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar, Q3 2022 financial statements showed.
HDBank offers incentives to corporate customers doing online forex transactions

HDBank offers incentives to corporate customers doing online forex transactions

From now through October 15 corporate customers buying or selling foreign currencies on HDBank’s internet banking channel will enjoy fee rebates and bonuses of up to VND7 million (US$299.25) under the ‘Giao dich Online – Uu dai cuc High’ (Online...
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.
Risky to invest in forex trading plaforms: Deputy Governor

Risky to invest in forex trading plaforms: Deputy Governor

Forex trading via investment platforms had not been licensed in Viet Nam, posing significant risks to investors.
Banks post high profits from forex trading

Banks post high profits from forex trading

Many banks have gained significant profit increase from the foreign exchange (forex) trading this year.
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.
Central bank extends forex loan policy

Central bank extends forex loan policy

The State Bank of Viet Nam (SBV) has officially extended a policy allowing exporters to take loans in foreign currencies for another year instead of stopping it on December 31 as planned.
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.