Prosecute and implement temporary detention for perpetrators illegally transporting currency across border gates and importing scrap

Prosecute and implement temporary detention for perpetrators illegally transporting currency across border gates and importing scrap

VCN- After prosecuting criminal cases, the Customs authority has transferred dossiers of these cases to the Police Authority to handle in accordance with provisions of the law.
VN currency suffers from US-China trade war

VN currency suffers from US-China trade war

The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market or keep the dollar dong exchange rate stable to avoid increased public d
Fluctuations on the currency field

Fluctuations on the currency field

VCN- The financial reports in May that were announced by SSI Stock Company have indicated many changes that need to be noted in the currency market over time.
Storm in the currency market

Storm in the currency market

VCN- The Monetary Policy Report issued recently by SSI Securities Company has shown many changes that need to be noted in the currency market in recent times.
Investment: Choose the right one

Investment: Choose the right one

VCN- People now have many options to invest in savings such as: banking, gold, foreign currency, real estate, stock and even digital money.
In 2018, the State Bank targets to reach a credit growth rate of 17%

In 2018, the State Bank targets to reach a credit growth rate of 17%

VCN – According to the State Bank of Vietnam (SBV), by the end of 2017, the credit of the whole banking system grew 18.17%.
Exchange rate in the first months of the year: stability in volatility

Exchange rate in the first months of the year: stability in volatility

VCN- While the movements in the world market are complicated and unpredictable, the exchange rate in Vietnam still maintains the necessary stability to meet the demand for foreign currency, the State Bank of Vietnam (SBV) continues to increase the amount
The State Bank of Vietnam should pursue one of two goals

The State Bank of Vietnam should pursue one of two goals

VCN- It is very difficult for the State Bank of Vietnam to implement two goals: promotion of macro-economic growth and stability of the domestic currency.
The exchange rate may increase at the range of 2% - 4% in 2017

The exchange rate may increase at the range of 2% - 4% in 2017

VCN - According to experts, the exchange rate will be continuously under pressure from the world in 2017, but stability expectation is guaranteed due to the prospect of abundant supply of foreign currency.
Fiscal and credit policies must distinguish in operating

Fiscal and credit policies must distinguish in operating

This is the comment of the Advisory Council of Financial policy and National currency at the regular meeting of the fourth quarter of 2016.
Banking sector: Timely and flexible

Banking sector: Timely and flexible

VCN- In 2016, the world economy had many changes, and difficulties of the domestic economy made for heavy pressure on the banking sector.
The State Bank of Vietnam continues to advise  about rumours of currency changes

The State Bank of Vietnam continues to advise about rumours of currency changes

(HQ Online)- A representative of the State Bank of Vietnam affirmed to continue to closely monitor the market performance and be ready to release solutions.
Vietnam may tap foreign reserves to bolster currency: central bank

Vietnam may tap foreign reserves to bolster currency: central bank

The State Bank of Vietnam stands ready to stabilize the dollar/dong exchange rate by selling foreign currency.
Extension of foreign currency loans by the end of 2017

Extension of foreign currency loans by the end of 2017

VCN - Enterprises with the need of foreign currency can continue to borrow in the coming year.
Foreign exchange market: bumpy ride in next few months

Foreign exchange market: bumpy ride in next few months

The dong/dollar exchange rate unexpectedly fluctuated in late October with the official rate quoted on October 29 at VND22,045 per dollar, an increase of VND26 per dollar compared with one week before and VND96 with September.
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