Foreign currencies

Economist Nguyen Duc Thanh, former director of the Institute for Economic and Policy Research, said Vietnam’s foreign reserves have swelled sharply this year. According to a report of the central bank, the trade surplus amounted to around US$11 billion in eight months, mostly because imports shrank faster than exports. … [Read more...] about Vietnam’s foreign reserves set new record

The dollar was recently under pressure to depreciate against other currencies while August was the peak month of Vietnam’s exports, leading to stable supply and demand of the foreign currency in Vietnam, according to the SSI Securities Corporation. … [Read more...] about Vietnam’s forex reserves at all-time high of $92bn: gov’t

Statistics of the General Department of Customs showed that August saw a trade surplus of $2.5 billion and a surplus of $10.93 billion in the January-August period, providing a plentiful supply of foreign currencies which enabled the central bank to purchase foreign currencies from the beginning of this year. … [Read more...] about VN’s forex reserve sets new record

Hanoi (VNS/VNA) - Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April. At a recent Government meeting, Prime Minister Nguyen Xuan Phuc said the country’s forex reserve was expected to hit 100 billion USD by the end of this year, five times higher than the level recorded at the beginning of his term. Statistics of the General Department of Customs showed that August saw a trade surplus of 2.5 billion USD and a surplus of 10.93 billion USD in the January-August period, providing a plentiful supply of foreign currencies which enabled the central bank to purchase foreign currencies from the beginning of this year. Financial expert Nguyen Tri Hieu said that high reserves would be an important buffer to help the economy withstand external shocks, which would contribute to stabilising the macroeconomy, strengthening foreign … [Read more...] about Vietnam’s forex reserve sets new record

In the next 10 years, the number of enterprises supported with solutions to improve productivity and quality is expected to increase by 10-15 per cent per year, of which the number of certificates for ISO 9001 quality management system and ISO 14001 environmental management system granted to businesses will increase at least 10 per cent compared to the 2011-20 programme. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8