Central bank to continue managing monetary policy  Business

Central bank to continue managing monetary policy

The State Bank of Vietnam (SBV) said on May 30 that it will continue to coordinate with relevant Vietnamese ministries and agencies regarding the US Department of Treasury’s issues of concern, in the spirit of cooperation.
State Treasury receives honourable award Business

State Treasury receives honourable award

The Vietnam State Treasury under the Ministry of Finance was awarded the Labour Order (second class) on May 29 for its enormous efforts and achievements over the past 69 years.
ADB needs to increase investment in agriculture Business

ADB needs to increase investment in agriculture

The Asian Development Bank (ADB) should provide more financial resources and investments for the agricultural sector in Asian countries in order to strengthen food security and prevent inflation due to high food prices.

The idea was contributed by members of ADB’s Board of Governors and representatives from large countries at the first plenary session of the 44th annual ADB meeting in Hanoi on May 5.
Business

Devalued dong stabilizes forex market

The State bank of Vietnam’s surprise move in the final days before the Tet (lunar New Year) holidays to devalue the dong by another 3.3 percent has had a positive effect in narrowing the gap between official and black market exchange rates.