Forex reserves rise to 35 billion USD

The State Bank of Vietnam received 10 billion USD in the first four months of 2014, raising the total foreign reserves to 35 billion USD, Governor Nguyen Van Binh announced.

SBV adds 7.7 billion USD to forex reserves

The State Bank of Vietnam (SBV) purchased roughly 7.7 billion USD worth of foreign currency for the national foreign exchange reserve in the first quarter this year thanks to stable foreign exchange rates, SBV Governor Nguyen Van Binh said.

Political tension hinders Thailand’s growth

The University of the Thai Chamber of Commerce (UTCC) has revised down its forecast of Thailand’s gross domestic product growth for 2014 to below 3 percent as political tension is set to linger.

Central bank to continue gold auctions

The State Bank of Vietnam (SBV) intends to keep up gold auctions to correct imbalances in supply and demand in the domestic market, according to the SBV’s Foreign Exchange Management Department.
Binh Duong expects trade surplus Business

Binh Duong expects trade surplus

The southern province of Binh Duong is expecting to post a trade surplus of 2.86 billion USD in 2013, according to the provincial People's Committee.

BIDV receives Asia Risk award

The Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV) has recently been hounoured with the House of the Year award presented by the Hong Kong-based Asia Risk Magazine.

Industrial production curbed by finance woes

The Index of Industrial Production (IIP) growth rate has hit a record low since June with a year-on-year increase of only 6.9 percent in the first 11 months of this year, the General Statistics Office (GSO) has reported.

Trade deficit drops, development continues

The trade deficit continued its down-turn, falling to 8.9 billion USD in the first 11 months of 2011, a year-on-year decrease of 1.7 billion USD, the General Statistics Office (GSO) said.

The GSO said growth in exports had been higher than imports in current months.

In the first 11 months of this year, export turnover was 22.5 billion USD, up 34.7 percent over the same period last year. Meanwhile, imports in the same period rose 26.4 percent, worth 96.07 billion USD.
Prime Minister orders action on thrift Politics

Prime Minister orders action on thrift

Prime Minister Nguyen Tan Dung has asked cabinet members and local authorities to take concrete steps on thrift and cuts in public investment as measures to curb inflation.

Steel prices to continue rising

Domestic steel prices are expected to continue increasing due to high input costs and economic conditions, including high interest rates and fluctuating foreign exchange rates.

Forex concerns haunt markets

Concerns over foreign exchange rates began cooling amongst investors, which helped slowing the market falls on Feb. 17.