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Central bank warns public over foreign exchange trading risks

Central bank warns public over foreign exchange trading risks

It warned against buying, selling or exchanging foreign currency between individuals or through unlicensed organisations because of counterfeit currency risks and legal violations.
Currency holds steady despite mounting pressures

Currency holds steady despite mounting pressures

Exchange-rate stability has emerged as one of Việt Nam’s macroeconomic bright spots this year, despite mounting pressure from a record trade deficit and an uncertain global outlook.
Banks should be encouraged to play bigger role in derivatives market: experts

Banks should be encouraged to play bigger role in derivatives market: experts

Besides, the over-the-counter derivatives market offered by commercial banks has also expanded gradually.
New regulations proposed for gold management

New regulations proposed for gold management

According to the draft circular, imported gold bars and imported raw gold must have a gold content of 99.5 per cent or higher.
Việt Nam told to learn from London to win global capital

Việt Nam told to learn from London to win global capital

Việt Nam can draw on lessons from the London Financial Centre to build a globally competitive financial market for its next growth phase, Executive Director of the London Southside Chamber of Commerce Radiana Vlahova told Vietnam News Agency.
HCM City strengthens global capital links with London Stock Exchange partnership

HCM City strengthens global capital links with London Stock Exchange partnership

HDBank and the London Stock Exchange signed a strategic agreement for establishing a long-term framework to support Vietnamese enterprises in accessing global capital markets.
Derivative instruments help firms mitigate forex risk

Derivative instruments help firms mitigate forex risk

In the domestic market, the foreign exchange market is under direct pressure from the upward trend of the international market.
Owner of Bảo Tín Minh Châu gold firm faces accounting violation charges

Owner of Bảo Tín Minh Châu gold firm faces accounting violation charges

Investigators initially determined that the company’s actual revenue was about VNĐ13.7 trillion (US$520.19 million), a difference of about VNĐ9.7 trillion against tax reporting, causing a loss of about VNĐ150 billion to the State budget.
PM orders national gold trading platform proposal

PM orders national gold trading platform proposal

Prime Minister Phạm Minh Chính directs the State Bank of Vietnam to finalise documentation for the national gold exchange as part of economic growth strategy.
PM orders national gold trading platform proposal

PM orders national gold trading platform proposal

Prime Minister Phạm Minh Chính directs the State Bank of Vietnam to finalise documentation for national gold exchange as part of economic growth strategy.
State bank receives nine applications for gold bar production licences

State bank receives nine applications for gold bar production licences

Enterprises and banks granted gold bar production licenses will be considered for gold import permits in accordance with regulations.
US dollar drops sharply on unofficial market

US dollar drops sharply on unofficial market

Since the beginning of December, the dollar on the unofficial market has fallen by more than VNĐ700 per dollar. Compared to its peak of VNĐ28,000 in mid-November, the rate decreased by more than VNĐ900, or 2.5 percentage points.
State Bank adopts proactive policy to stabilise forex market

State Bank adopts proactive policy to stabilise forex market

As global financial fluctuations have put significant pressure on the monetary market this year, the State Bank of Việt Nam has adopted a flexible and proactive monetary policy to maintain stability. Director of the Monetary Policy Department Phạm Chí Quang...
Steel company to list on UPCoM from December 15

Steel company to list on UPCoM from December 15

VLS was established in 2019 with an initial charter capital of VNĐ42 billion, and has increased its capital four times to VNĐ245 billion as of now.
Association proposes loosening controls on gold jewellery

Association proposes loosening controls on gold jewellery

In a document sent to the National Assembly, the Việt Nam Gold Traders Association said that gold jewellery should be treated as a normal commercial product, calling for a phased roadmap to ensure transparency and avoid market disruptions.