Tag archive for ‘vietnam dong’

April 4: Vietnam Central Bank keeps Dollar exchange at VND21,036

Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Friday, unchanged for more than 9 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official More...

April 4th, 2014

April 2: Vietnam Central Bank keeps Dollar exchange at VND21,036

Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, unchanged for more than 9 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official More...

April 2nd, 2014

Boat refugees returning home warm to Vietnam dong

When Khoa Pham returned to Vietnam in 2011, 34 years after fleeing on a boat, the U.S. lawyer was wary of keeping wages in the dong. The currency had just been devalued 7 percent and inflation was faster than 20 More...

February 17th, 2014

Vietnam Dong to be added to Big Mac Index

When the first McDonald’s outlet makes debut in HCMC this Saturday, The Economist, a world’s leading economic news magazine, will certainly keep close watch over the event as it is the publisher of the Big Mac More...

February 12th, 2014

Vietnam dong keeps appreciating

The local currency Vietnam dong has since early October strengthened against the U.S. dollar at banks as well as on the black market, despite earlier predictions that it will weaken against the greenback by 1-2% More...

November 8th, 2013

Vietnam”s dong is third most stable currency in Asia: HSBC exec

Vietnam’s dong has been the third most stable Asian currency this year, depreciating by just 1.5 percent against the US dollar, HSBC’s Vietnam chief said. News website Saigon Times quoted Sumit Dutta as More...

November 5th, 2013

Vietnam Dong the third best berforming currency in Asia

Citing figures from Bloomberg, the CEO of HSBC Vietnam Sumit Dutta said that Vietnam dong was the third among Asian currencies in terms of stability against the U.S. dollar since early this year to August. He said More...

November 1st, 2013

Vietnam Dong may weaken by 4.3% in 2012: Standard Chartered

The domestic currency, the dong, could lose by 3.4% of its value against the dollar this year, Standard Chartered Bank said in its latest report. Standard Chartered commented that strong demand for government bonds More...

May 15th, 2012

Vietnam dong appreciating: academics

The Vietnamese currency, the Vietnam dong, is increasing in value, said a research team of the Institute for Financial Strategies and Policies under the Ministry of Finance at a recent conference. By the end of More...

May 13th, 2012

Dong shrinks on new forex position rules

The Vietnamese dong weakened against the US dollar yesterday due to new rules on the foreign currency positions of banks issued by the State Bank of Viet Nam and a resulting increase in demand for the greenback. More...

March 23rd, 2012