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April 21, 2024 news
Credit growth in Vietnam jumps 1.08 percent in just four days
Vietnam’s credit growth hit 1.34 percent by March 29 up from .26 percent on March 25–just four days earlier–, The Investors is reporting. It is not clear where this money went but relatively speaking this is a big change in a very short amount of time. Notably, January and February
State Bank of Vietnam to kick off gold auctions with 630 kilos of gold
In its first gold auction since 2013 the State Bank of Vietnam is set to make available about 630 kilograms of gold for banks and financial firms to bid on, VN Express is reporting. The online publication is also saying that the SBV intends to import more gold to fill
More fines in Vietnam over ads on videos featuring the nine-dash line
Vietnam’s Ministry of Information and Communication–the MIC–has fined an advertising firm just over US$2,000 for showing advertisements on videos on YouTube that contained the nine-dash line, VN Express has reported. This was the fourth fine since the start of last year for WPP Communications Company Limited–also known as GroupM. According
Vietnam has started dipping into its US dollar reserves to prop up dong
The State Bank of Vietnam–the SBV–has begun spending US dollars in its foreign reserves to prevent the dong from sliding further against the US dollar Bloomberg is reporting. This follows on from a series of treasury bill issuances over the last month or so that have done very little to