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Central bank resumes dollar purchases to build up foreign reserve

Central bank resumes dollar purchases to build up foreign reserve

The State Bank of Viet Nam (SBV) has resumed the purchase of US dollars from commercial banks after a six month break thanks to favourable conditions in the country’s foreign exchange market.
US-dollar loan demand rises

US-dollar loan demand rises

Demands for loans in US dollars have again increased in recent months, thanks to low interest rates and a stable exchange rate.
Thousands of flights delayed in August

Thousands of flights delayed in August

Exactly 2,057 or 13.8 per cent of the14,942 flights to and from Viet Nam in August 2014 were delayed, according to the Civil Aviation Authority of Viet Nam (CAAV).
Remittances on the increase

Remittances on the increase

Remittance flows to the country during the Tet season are expected to rise to 35 per cent, increasing the country''s total remittances to nearly US$11 billion, industry insiders said.
Vietcombank sells US2.1 bn to State Bank of Viet Nam

Vietcombank sells US$2.1 bn to State Bank of Viet Nam

Vietcombank had sold a huge volume of US dollars to the State Bank of Viet Nam (SBV) over the past 18 months, a bank official told VnEconomy online.
VN economy sees dollarisation decline

VN economy sees dollarisation decline

The prevalence of US dollars in the Vietnamese economy had decreased significantly since the end of 2011 and the exchange rates had been stabilised, according to a State Bank of Viet Nam statement.
Interbank interest rates fall 1.17%

Interbank interest rates fall 1.17%

The interest rate that Vietnamese banks charge each other for under-12 month term loans in dong and US dollars ped last week by up to 1.17 percentage points.