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June 18, 2025
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Day: May 8, 2024
This estimate of Vietnam’s forex reserves spent on propping up dong
the-shiv May 8, 2024 9:29 am
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
the-shiv May 8, 2024 9:27 am
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-shiv May 8, 2024 9:26 am
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
the-shiv May 8, 2024 9:25 am
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,
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