Sunday, September 22, 2019 4:18:28 AM - Markets open
VN-INDEX 990.36 -6.74/-0.68%
HNX-INDEX 104.14 +0.10/+0.10%
UPCOM-INDEX 56.97 +0.27/+0.48%
Forex reserves reach highest level to date
VietnamPlus - 7/5/2019 12:54:04 PM
 (0 ratings. You must sign in to rate.)
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.
 
The information was released by SBV Governor Le Minh Hung at a regular Government teleconference with 63 provinces and cities nationwide in Hanoi on July 4. 
 
Hung said fluctuations in the global market in the first six month were unpredictable but proactive and flexible measures had been taken to keep the domestic foreign exchange market stable.
 
During the period, the reference exchange rate was adjusted by 1 percent, while the rate listed at commercial banks and inter-bank rate were adjusted by 0.3 – 0.4 percent.
 
He stated the central bank has all necessary tools to effectively control the rate.
 
He noted since the beginning of the year, the four commercial banks – Vietcombank, Vietinbank, BIDV, and Agribank – have thoroughly followed the Government and SBV’s direction in reducing interest rate for prioritised sectors.
 
The work has helped businesses lower costs and the banking system keep a stable interest rate, he added.
 
Meanwhile, credit growth during January-June reached 7.33 percent, roughly equaling that of the same period last year. The credit structure shifted positively, aiding the growth of industry, processing-manufacturing, and export.
 
Regarding credit for animal husbandry, the Governor said outstanding balance stood at 51 trillion VND (2.19 billion USD), of which 1.7 trillion VND were resulted from damage caused by the African swine fever disease.-VNA  
 
Read original article here
 
Newer News
20/09 Reference exchange rate down 5 VND on September 20
19/09 Reference exchange rate revised up 4 VND on September 19
18/09 Interest rates stay steady til year end: SBV official
18/09 Reference exchange rate up on September 18
17/09 Reference exchange rate up on September 17
16/09 Reference exchange rate down at week’s beginning
14/09 VN central bank makes first key rate cut since 2017
13/09 Reference exchange rate down on September 13
12/09 Reference exchange rate up on September 12
11/09 Reference exchange rate down on September 11
Older News
05/07 Reference exchange rate unchanged on July 5
04/07 Reference exchange rate revised up on July 4
02/07 Reference exchange rate continues to go down
01/07 Reference exchange rate down strongly at week’s beginning
29/06 Việt Nam's insurance industry keeps thriving in H1 2019
28/06 Reference exchange rate revised up 1 VND on June 28
27/06 Reference exchange rate up 10 VND on June 27
26/06 Reference exchange rate up 5 VND on June 26
25/06 Reference exchange rate goes down by 3 VND on June 25
24/06 Reference exchange rate down 2 VND at week’s beginning
 
Newsletter Signup
Top Stories
Crude import tax zeroed in November
VN central bank makes first key rate cut since 2017
Total UPCoM firms reach 850 in August
ACV: Gov't should buy back shares from ACV's foreign shareholders: MoT
EU enhances inspections on Vietnam’s agricultural products from Sept 1
Market Update
Last updated at 3:10:00 PM
VN-INDEX 990.36 -6.74/-0.68%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.