Thanks to timely intervention, the domestic exchange rate has enough room for flexible developments

Thanks to timely intervention, the domestic exchange rate has enough room for flexible developments

Right after the early- months, the exchange rate has increased by 4.6%, a 3.4 % increase compared to the devaluation of the whole year 2022.
Exposing the sophisticated smuggling tricks of 2 female passengers

Exposing the sophisticated smuggling tricks of 2 female passengers

Customs authorities did not detect any smuggling goods by checking the suspected subjects' checked luggage and carry-on luggage. However, as soon as the examination began, the subject burst into tears...
Cotrol smuggling of gold and foreign currency across border gates

Cotrol smuggling of gold and foreign currency across border gates

VCN - In the trading session on March 18, gold businesses reduced gold prices. The price of SJC gold bars is listed at about VND79-81 million/ tael (buy - sell), dropping about VND 500,000 per tael compared to the previous session compared with the previo
A man arrested for illegally bringing large amounts of foreign currency into Vietnam

A man arrested for illegally bringing large amounts of foreign currency into Vietnam

VCN - A man illegally transporting US$250,000 from Cambodia to Vietnam through Moc Bai international border gate has just been arrested by Customs, Border Guards, and Police.
Managing balance between exchange rate and inflation

Managing balance between exchange rate and inflation

VCN - Currently, foreign exchange rate fluctuations in Vietnam are assessed at an acceptable level, helping to increase foreign exchange reserves. With exchange rate stability, inflation control is also forecasted to have fiscal space to control according
Failure to keep the exchange rate will cause difficulties for import and export

Failure to keep the exchange rate will cause difficulties for import and export

The USD/VND exchange rate has increased by about 3.81% compared to the end of 2021, but the devaluation of VND against USD is lower than that of other currencies in the world.
Exchange rate is no longer a concern

Exchange rate is no longer a concern

VCN - According to the report on the socio-economic situation in 11 months of 2022 by the General Statistics Office, the USD index in November 2022 increased by 8.71% over the same period in 2021; average in 11 months of 2022 increased by 1.83% compared t
Smuggling across the southern border "hot" with consumer goods – Last post: Blocking and arresting many smuggling cases of foreign currency.

Smuggling across the southern border "hot" with consumer goods – Last post: Blocking and arresting many smuggling cases of foreign currency.

VCN - After a long period of silence, the illegal movement of money and foreign currency across the border has recently increased again. Many violations were discovered and caught by the Customs force at the border gate.
If the exchange rate is not flexible enough, it will be difficult for imports and exports to compete

If the exchange rate is not flexible enough, it will be difficult for imports and exports to compete

State Bank's decision to adjust the spot exchange rate band between USD and VND from ±3% to ±5% is consistent with the goal of stabilizing the foreign exchange market
Illegally transporting gold and foreign currency worth nearly VND3 billion in Lao Bao

Illegally transporting gold and foreign currency worth nearly VND3 billion in Lao Bao

The investigation police agency of Huong Hoa District Police has just prosecuted the criminal case "Illegal transportation of goods and currency across the border" seized on November 11, 2021
Exchange rate sees flexible fluctuations

Exchange rate sees flexible fluctuations

VCN – Speaking to Customs News, Assoc. Prof. Dr. Ngo Tri Long, former director of the Price and Market Research Institute (Ministry of Finance), said that the foreign exchange rate in Vietnam is flexibly managed and supported by many "buffers" of the econ
Govt plans to issue bonds in foreign currency

Govt plans to issue bonds in foreign currency

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.
Shrimp industry strives to remain big foreign currency earner

Shrimp industry strives to remain big foreign currency earner

Over the past one month, the shrimp industry in the Mekong Delta has been exerting every effort to sustain operations and fulfill the signed export contracts while there is not much time left in 2021 and many new COVID-19 infections continue to be recorded in the region.
Amendment of regulations on customs valuation for clarifying calculation methods and exchange rates

Amendment of regulations on customs valuation for clarifying calculation methods and exchange rates

The issue of customs valuation will be amended to ensure objectivity and to balance the content of legal documents.
Moody affirms its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks

Moody affirms its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks

Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.
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