Central bank stands ready to pump more foreign currencies to market: official Business

Central bank stands ready to pump more foreign currencies to market: official

The State Bank of Vietnam (SBV) will increase its interference in the foreign currency market and stay ready to pump money to the market more frequently, thus creating favourable conditions for credit institutions to meet the demand for legal foreign currencies of organisations and individuals, according to Vice Director of the SBV’s Monetary Policy Department Pham Chi Quang.
Vietnam to have regulations on offshore loans Business

Vietnam to have regulations on offshore loans

The State Bank of Vietnam (SBV) is collecting opinions from organisations and individuals on the Prime Minister's draft decision on offshore loans and guarantees for non-residents of economic organisations.
Remittances to Vietnam continue to grow despite COVID-19 pandemic Business

Remittances to Vietnam continue to grow despite COVID-19 pandemic

Although the COVID-19 pandemic has harmed the global economy, remittances to Vietnam in 2021 remained high. In particular, the sum increased sharply at the end of the year, contributing to stabilising the supply of foreign currency in the country and developing the economy.
Shrimp industry strives to remain big foreign currency earner Business

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.
Vietnam joins global peers in developing digital money Business

Vietnam joins global peers in developing digital money

Vietnam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Vietnam to join the most technologically-advanced countries.