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May 8, 2024
This estimate of Vietnam’s forex reserves spent on propping up dong
The State Bank of Vietnam has spent an estimated US$500 to 700 million of its foreign exchange reserves over the last few weeks in an attempt to prop up the dong, The Investor is reporting. This estimate came from WiResearch which also estimated Vietnam’s forex reserves to be at around
No new contagion risk in Vietnam from SBV support of distressed bank: Fitch Ratings
Reuters reported earlier this year that the State Bank of Vietnam–the SBV–had been injecting cash into Saigon Commercial Bank which was at the centre of Vietnam’s biggest bank fraud ever. This was to the tune of about US$24 billion. Fitch Ratings, however, has said that it is maintaining its current
Vietnam aviation regulator considering an investigation into airfare prices
The Civil Aviation Authority of Vietnam has reached out to consumers who believe they have been overcharged for airfares, VN Economy is reporting. Airfares are regulated in Vietnam with price caps over which ticket prices cannot go. It’s not clear if there has been a breach of these regulations but
This quote about Vietnam’s new stock trading system
Vietnam’s new KRX stock trading system which was slated to begin operating on May 2 but has been delayed, is not up to scratch according to sources quoted by The Investor. Of note, one ‘representative of… a securities company’ told the publication that: “The testing process still has many errors,
In today’s Vietnam news: South Korea – Vietnam leaders meeting, Vietjet COMAC lease agreement, EVN FiT eligibility problems proposed resolution, FDI firms fined over
In today’s Vietnam news: Vietnam-flagged LPG tanker passes Hormuz Strait, To Lam in China, Coffee concerns dry weather in VN, Coal mining output increase
In today’s Vietnam news: SBV ready to intervene in Forex market, US firm approved for wind power site survey, SBV to push for lower
This is a short interview with Vicente Nguyen, Chief Investment Officer at Asia Frontier Capital, regarding the Middle East conflict and its impact on Vietnam’s economy.
In this interview, Michael Kokalari discusses how escalating tensions in the Middle East and disruptions in global energy flows could impact Vietnam’s economy, markets, and investment outlook.
This is an interview with Hugo Bosch, host of Ho Chi Minh Securities’ Emerging Asia Podcast, about the impact the conflict in the Middle East is having on Vietnam’s stock market.