A driving force for short-term growth has lost due to the sluggish expansion of public investment, Prime Minister Nguyen Xuan Phuc has said, demanding drastic actions to remove barriers hindering the disbursement of public investment.
The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.
Leaders of the State Bank of Vietnam (SBV) and commercial banks have asked the government to promptly handle capital increase for State-owned commercial banks.
The State Bank of Vietnam (SBV) has so far this year bought more than 1 billion USD from commercial banks to build up the nation’s foreign currency reserves.
The country net purchased over 6 billion USD in 2018 to raise its foreign exchange reserves, the State Bank of Vietnam (SBV) reported at a meeting in Hanoi on January 9 to launch tasks for the banking sector this year.
Ten of the 11 goods categories have seen price increases in October, raising the consumer price index (CPI) by 0.33 percent from the previous month, according to the General Statistics Office (GSO).
Vietnam’s foreign currency reserves hit approximate 48 billion USD thanks to the country’s stable macroeconomic conditions and strong influx of exports, FDI and remittance.
The State Bank of Vietnam (SBV) unexpectedly resumed the issue of central bank bills worth 8 trillion VND (350.9 million USD) this week, a move aimed at increasing the nation’s foreign exchange reserves.
Bank Indonesia (BI) has reported that the country’s foreign exchange reserves at the end of July increased by 1.6 billion USD to 111.4 billion USD, up from 109.8 billion USD in June this year.
Vietnam’s foreign exchange reserves, exclusive of gold, reached a record high of 38 billion USD in mid-June, said State Bank of Vietnam Governor Le Minh Hung.
Deposit interest rates in the Vietnamese dong this year are expected to rise one percent against last year, according to a report from the National Financial Supervisory Commission (NFSC).
The Indonesian Ministry of Finance has said the country would borrow 4.2 billion USD from the World Bank and the Asian Development Bank (ADB) to cover budget deficit.
Indonesia’s central bank has decided to hold the benchmark interest rate at 7.5 percent, which has been kept unchanged for six consecutive months, in an attempt to support the currency rupiah.
The country's foreign exchange reserves excluding gold have been increasing continuously, reaching 37 billion USD by the end of July, Governor of the State Bank of Vietnam Nguyen Van Binh said.
The word "belief" has cropped up often during the recent months when one
talks about the monetary market and the management policies by the
State Bank of Vietnam (SBV). The central bank has adopted a series of
measures, as well as made explicit moves to stabilise the market, but a
number of people still worry if the policies have been able to lay the
foundation for market stability in the future. The Vietnam News Agency
spoke to the Deputy Governor of the SBV, Nguyen Thi Hong, about this
issue.
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