The State Securities Commission of Việt Nam (SSC) and Monetary Authority of Singapore (MAS) have announced a partnership aimed at enhancing the integrity and stability of their capital markets.
The Vietnamese Ministry of Finance is preparing a proposal to pilot a digital currency exchange, Deputy Finance Minister Nguyễn Đức Chi announced at the government’s regular press conference on March 5.
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...
The State Bank of Vietnam wants to amend the current policy to increase flexibility and initiative in managing monetary and exchange rate policies in response to changes in domestic and international market conditions.
The upgrade reflects Việt Nam''s favourable medium-term growth outlook, underpinned by robust foreign direct investment (FDI) inflows, which Fitch Ratings expects will continue to drive sustained improvements in its structural credit metrics.
The US Treasury''s monitoring list of major trading partners includes six economies: China, Germany, Malaysia, Singapore, Taiwan (China), and Việt Nam.
Viet Nam remains off the US currency manipulation list and receives praise for the State Bank of Vietnam''s handling of monetary and foreign exchange policies.
Viet Nam’s local currency bond market grew 8.1 per cent from the previous quarter to US$99.5 billion. The faster expansion was driven by both the government and corporate bond segments.
The Prime Minister has directed relevant agencies and sectors to immediately act to ensure the security and safety of activities in the finance-currency market.
The State Bank of Viet Nam (SBV) and the State Treasury of Viet Nam have injected hundreds of trillions of Vietnamese đồng into the market through foreign currency purchases from commercial banks.
The Government plans to issue US dollar-denominated bonds in the domestic market to fund additional stimulus packages to foster the recovery of the economy.