Vietnam

Vietnam widens currency trading band

Vietnam's central bank has widened the band inside which its currency is allowed to trade against the US dollar in a move to create a more flexible exchange rate system, state media reported Thursday 4 January.

SBV strengthens communications, security

The State Bank of Vietnam (SBV) has selected advanced technologies from Cisco Systems to help increase operational efficiencies in its countrywide infrastructure and provide a platform to regulate the banking system.

State Bank of Vietnam urged to modernise

The State Bank of Vietnam has not reached the levels of transparency and accountability required of a successful central bank, a State Bank official was quoted as saying by Vietnam News.

Bangladesh, Vietnam to sign cb agreement

Dhaka and Hanoi are expected to sign an agreement on cooperation between their central banks during the first meeting of the Bangladesh-Vietnam Joint Economic Commission, scheduled for 6-7 February in Hanoi.

IMF calls on Vietnam to ease currency peg

The International Monetary Fund forecast on Wednesday 6 January that Vietnam's economy should grow by 7 percent in 2005, and urged authorities to "move cautiously" to ease the nearly fixed dong-dollar exchange rate.

Viet Nam sees increased used of non-cash payments

Non-cash payments have become more popular in Viet Nam, accounting for 79 per cent of all payments at banks in the first six months of the year as against 77 percent in 2003, according to VNA.

IMF stops Vietnam lending program

The International Monetary Fund said on Tuesday 13 April that it has stopped its multi-million dollar lending program to Vietnam after a long-running dispute with the country's central bank over disclosure of its foreign reserves.

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