PV Drilling III to Spin Bit in Bach Ho Field Offshore Vietnam

harold4187 — Tue, 17 Nov 2009 16:15:08 GMT

PV Drilling III to Spin Bit in Bach Ho Field Offshore Vietnam Keppel Corp. | Monday, November 16, 2009 Block 9-3, Bach Ho Keppel FELS Limited (Keppel FELS) has been awarded a bonus of S$640,000 (US$460,000) for delivering the KFELS B Class jackup rig, PV Drilling III, early to PetroVietnam Drilling & Well Services Corp (PV Drilling). Completed 1.5 months ahead of schedule, without incidents, PV Drilling III has departed Keppel FELS for Vietnam to ...

Central bank to maintain rate, may buy dollar

day dreamer — Tue, 03 Nov 2009 07:49:50 GMT

Central bank to maintain rate, may buy dollar Tuesday, November 3, 2009 11:57:16 Vietnam (GMT+07)

SBV Governor meets with NBC high-ranking delegation......VND News

Anonymous — Thu, 18 Dec 2008 18:35:55 GMT

SBV Governor meets with NBC high-ranking delegation Governor Nguyen Van Giau of the State Bank of Vietnam (SBV) hosted a meeting at the SBV head office in Hanoi on December 17 with Mr. Chea Chanto, Governor of the National Bank of Cambodia, and his delegation on the occasion of their visit to Vietnam. ...

Is the dong an iternationally accepted currency?

shellbell — Sat, 19 Sep 2009 00:18:19 GMT

I noticed a post on another site that said that Iraq is wanting to be accepted in the WTO. Someone said they need to have an internationally accepted currency. I know Vietnam is part of the WTO. I do not think they have an internationally accepted currency. Here is the link: http://www.wto.org/english/thewto_e/acc_e/a1_vietnam_e.htm

Central bank reiterates it won't devalue dong

mochasmom — Thu, 18 Jun 2009 11:56:15 GMT

VNBusinessNews.com - Viet Nam will not devalue the dong , a state-run newspaper said on Thursday, quoting central bank Governor Nguyen Van Giau, who was repeating the official line at a time of intensified pressure on the currency. The Vietnamese authorities have been trying for weeks to dampen speculation of a devaluation of the dong, which is under pressure because of a shortage of dollars in the economy, partly due to Vietnamese hoarding the U.S. currency. "I can ...

Major moves in Vietnam's currency policy

mochasmom — Thu, 21 May 2009 02:12:25 GMT

Posted: Wednesday, May 20, 2009 Catalogues: Banking - Finance, Viet Nam Dong - VND VNBusinessNews.com - Vietnam's central bank governor Nguyen Van Giau has said the dong's exchange rate against the U.S. dollar does not need to be adjusted, state media reported on Tuesday. The dong has been under pressure to depreciate and some economists expect the government to eventually allow the currency, tightly managed in a crawling peg, to slip. Following is a timeline ...

ADB sees no need for Vietnam to devalue dong

mochasmom — Mon, 18 May 2009 20:03:14 GMT

May 18, 2009 ADB sees no need for Vietnam to devalue dong window.google_render_ad(); VNBusinessNews.com - Viet Nam does not need to to devalue its currency in the short or medium term because the weakness of the dong (VND) is more about perception than supply and demand, the Asian Development Bank (ADB)'s country director said on Monday. Hanoi should also avoid further loosening monetary policy because that would risk upsetting macroeconomic ...

Vietnam Money-Dong depreciation may quicken, rates up

mochasmom — Mon, 18 May 2009 12:29:13 GMT

VNBusinessNews.com - Viet Nam is expected to allow a bigger depreciation in the dong in the second half of the year to support exports and help ease a domestic dollar shortage, bankers said on Monday... Full story: Vietnam Money-Dong depreciation may quicken, rates up

Central bank sees no reason for dong devaluation

mochasmom — Fri, 15 May 2009 18:13:27 GMT

http://www.vnbusinessnews.com/2009/05/central-bank-sees-no-reason-for-dong.html May 14, 2009 Central bank sees no reason for dong devaluation window.google_render_ad(); VNBusinessNews.com - Vietnam's central bank sees no reason for a big devaluation of the dong even though hoarding of dollars in the country was pressuring the local currency, Deputy Governor Nguyen Van Binh said. He said the dong was expected to fall against the dollar ...

State Bank Of Vietnam for Exchange Rates

Neno — Thu, 20 Nov 2008 01:31:01 GMT

For Currency Rate: http://www.sbv.gov.vn

For English: http://www.sbv.gov.vn/en/home/index.jsp

Vietnam 2009 International Monetary Fund

harold4187 — Wed, 13 May 2009 20:05:05 GMT

http://www.imf.org/external/pubs/ft/scr/2009/cr09110.pdf This is the short verison this is 66 pages long. Note there is no exchange rate for 2009 [b][size=12][b]Vietnam: Selected Economic Indicators, 2005�09 1/2005 2006 2007 2008 2009 Est. Proj. Real GDP (annual percentage change) 2/ 8.4 8.2 8.5 6.2 4.8 Saving and investment (in percent of GDP) 3/ Gross saving 34.5 36.5 31.8 31.2 25.1 Private 26.7 28.1 26.2 26.1 23.0 Public 7.8 8.4 5.6 5.1 2.1 Gross investment 35.6 36.8 41.6 41.5 ...

two scenarios for VND/US$ exchange rate

mochasmom — Tue, 12 May 2009 17:35:23 GMT

May 12, 2009 Two scenarios for VND/US$ exchange rate window.google_render_ad(); VNBusinessNews.com - The VND/US$ exchange rate in 2009 will be influenced by macroeconomic policies; the economic growth rate will be 4.5-4.7% and high inflation is likely to break out again by the end of the year, experts predict. VND/US$ exchange rate on the rise Dr Nguyen Duc Thanh, Director of the Centre for Economic and Policy Research ...

just bought some dong

symetri — Wed, 06 May 2009 20:14:29 GMT

hey I just bought some dong.... whats the latest and where do I go from here to find out info?

Central Bank May Intervene to Boost Dong

mochasmom — Thu, 16 Apr 2009 21:20:11 GMT

http://www.vnbusinessnews.com/2009/04/central-bank-may-intervene-to-boost.html Full story: Central Bank May Intervene to Boost Dong ________

Vietnam to escape from crisis this year

mochasmom — Thu, 02 Apr 2009 14:38:05 GMT

Apr 2, 2009 Vietnam to escape from crisis this year window.google_render_ad(); VNBusinessNews.com - Vietnam will quickly get out of the economic crisis, perhaps more quickly than China, which is said to escape from the crisis in the next few months, Deputy Prime Minister Nguyen Sinh Hung said in the cabinet meeting on March 31. The first online cabinet meeting on March 30-31, 2009. The meeting began at 8:00am but many provincial ...

Dong vs. Dinar Question

Neno — Sat, 21 Mar 2009 18:30:06 GMT

I am considering selling off all my Dong in return for Dinar. I am wondering if the membership thinks that this is a Good idea? My look at it now with the latest news over the past few weeks is Vietnam has alot further to go than Iraq does. So with that train of thought, the Dong can always be purchased after the Dinar regaines value. Any Comments?

Dong Trade with DinarTrade

Neno — Sun, 22 Mar 2009 22:22:23 GMT

Ok, Just spoke to Ali on this. He says of today he will pay $68 dollars a million for Dong or swap it for Dinar @ $1000 a million. He requested you to email him at Ali@dinartrade.com or sales @dinartrade.com with what you want to do. you may also call him but he did request a email for the correspondence, Now I did ask the obvious to him if he thought it was a good choice since my thinking was that the dinar would go first and then could buy all the dong one ever wanted. He said it souinds ...

Stick to official rate, banks told

phil2561 — Fri, 20 Mar 2009 18:04:32 GMT

Stick to official rate, banks told (20-03-2009) Customers at an Agribank branch in the southern province of An Giang. �VNA/VNS Photo Thanh Vu HA NOI � The State Bank of Viet Nam has ordered commercial banks to stop using derivatives to spot-trade US dollars at exchange rates higher than the capped trading band. State Bank governor Nguyen Van Giau also ordered central bank investigators to tighten oversight of foreign currency trading and to strictly punish any violations. The governor�s ...

IMF cuts vietnam growth to 4.75 pct due to crisis

mochasmom — Wed, 18 Mar 2009 03:03:29 GMT

http://www.vnbusinessnews.com/2009/03/imf-cuts-vietnam-growth-to-475-pct-due.html

exchange rate cannot please everyone

mochasmom — Wed, 18 Mar 2009 02:58:55 GMT

Mar 17, 2009 Exchange rate cannot please everyone window.google_render_ad(); VNBusinessNews - Opinions and viewpoints prove to be very different on how the exchange rate should be in the time to come. Meanwhile, the State Bank of Viet Nam has advised businesses to take initiative in arranging [color:e208=#0000FF ! important][color:e208=#0000FF ! important]foreign [color:e208=#0000FF ! important]currencies to serve their import-export and ...

Vietnam to sell $100 mln worth of bonds

dry — Tue, 17 Mar 2009 22:27:59 GMT

Vietnam to sell $100 mln worth of bonds [b]The Treasury plans to raise US$100 million at a government bond auction this week, the first of a series to sell $300 million in dollar-denominated bonds this month. The Hanoi over-the-counter exchange said in a statement it would auction the one-year notes on Friday and the debt would be issu on March 24. On March 24, the Hanoi exchange will auction two-year government notes to raise another $100 million, with an issue date of March ...

Kuwait, Vietnam hold official talks, signs three bilateral agreements

dry — Wed, 11 Mar 2009 17:00:40 GMT

Kuwait, Vietnam hold official talks, signs three bilateral agreements Kuwait News Agency - 11 March, 2009 His Highness the Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Jaber Al-Sabah held official talks on Tuesday with visiting Vietnamese Prime Minister Nguyen Tan Dung. The talks focused on exchanging point of views on various topics, including issues of mutual concern and ways to boost joint cooperation in various fields between the two countries. The talks were ...

Vietnam Mulls Over Further Devaluing The Dong to Boost Exports

mochasmom — Thu, 19 Feb 2009 13:36:43 GMT

VNBusinessNews - Prime Minister Nguyen Tan Dung has just given a nod to the State Bank of Vietnam, the country�s central bank, to work on plans to further devalue the dong as part of efforts to boost exports and curb trade gap. The move is part of a series of demand-stimulus policies Mr Dung who chaired a meeting on Wednesday urged to complete and start to enact them right in February with the focus on maintaining production and job generations, the state-run Phap Luat TP Ho ...

Mar 2, 2009 Vietnam Money-Dong rates fall, bond yields rise

mochasmom — Mon, 02 Mar 2009 14:02:52 GMT

VNStockNews - Vietnamese banks lowered interest rates on overnight dong loans following the central bank's move on Sunday cutting dong compulsory reserves, prompting investors to turn to [color:6b06=#0000FF ! important][color:6b06=#0000FF ! important]bonds with higher yields. Fixings on overnight dong loans on the interbank market were at 6.37% on Monday, down 63 basis points from an average of 7% last week, according to Reuters data. Vietnam's central bank on Sunday cut the compulsory ...

Dong rises vs dollar on central bank policy

mochasmom — Mon, 16 Feb 2009 20:45:30 GMT

VNBusinessNews - The dong rose marginally against the dollar in the past week following a central bank comment that it aimed to keep exchange rates stable this year, suggesting it would add more dollars to the banking system, bankers said. The dong (VND) gained about 0.8% from a week ago to around 17,500 dong on Monday. The rates on the unofficial markets also hover around 17,500-17,550 dong, compared with a range of 17,650-17,680 dong last Monday. Foreign banks forecast the ...

Experts suggest VND devaluation

mochasmom — Mon, 16 Feb 2009 13:15:15 GMT

***Home Feb 16, 2009 Experts suggest VND devaluation window.google_render_ad(); VNBusinessNews - An exchange rate policy, which leans towards the devaluation of the local currency against the dollar in accordance with the currency value decrease in the world, proves to be the best choice for Viet Nam in 2009, experts say. VND devaluation is one of the policy suggestions mentioned in the report about Vietnam�s economy prospects in 2009 which has been released ...

Dong weakens on economic outlook

mochasmom — Thu, 05 Feb 2009 15:26:10 GMT

Dong weakens on economic outlook window.google_render_ad(); VNBusinessNews - Vietnam�s dong weakened at money changers as the nation�s worsening economic outlook prompted investors to favor dollars. Pledges of foreign direct investment in January fell 88% from a year earlier to US$200 million, according to the Ministry of Planning and [color:a5c8=#0000FF ! important][color:a5c8=#0000FF ! important]Investment. Exports plunged 24 percent last ...

Outlook for Vietnam�s economy in 2009

dbltap — Wed, 28 Jan 2009 17:25:43 GMT

Outlook for Vietnam�s economy in 2009 The economy faced many severe challenges last year but thanks to measures initiated by the government, it performed well. Inflation was halted. GDP growth was fairly good compared to the overall global growth. Exports were worth over US$60 billion. FDI commitments increased to a record of US$60 billion. The financial and [color:d13a=#0000ff! important][color:d13a=#0000ff! important]credit systems remained rather ...

Japan to approve economic partnership agreement with Vietnam

dbltap — Wed, 28 Jan 2009 17:45:23 GMT

Japan to approve economic partnership agreement with Vietnam Japan will soon ratify the Economic (EPA) with Viet Nam, Japan�s Chief Cabinet Secretary Takeo Kawamura, told a visiting Vietnamese Party delegation in Tokyo Friday. Japan will continue cooperation and assistance in such areas as infrastructure construction, science and technology, human resource training and health through the Japanese government�s official development ...

Vietnam vows to play an active role at WEF 2009

dbltap — Wed, 28 Jan 2009 17:35:51 GMT

Vietnam vows to play an active role at WEF 2009 Together with developing countries to attend the World Economic Forum (WEF) scheduled on January 28-31 in Davos (Switzerland), Viet Nam vows to make every effort to work with the international community to lift the world out of the badly economic crisis, said Deputy PM Nguyễn Thiện Nh�n. Deputy PM Nguyễn Thiện Nh�n will lead a Vietnamese delegation to attend the upcoming event. He uncovered that Viet ...

Vietnam strengthen ties with joint fund

dry — Tue, 13 Jan 2009 05:33:36 GMT

Vietnam strengthen ties with joint fund CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez andhis Vietnamese counterpart, Nguyen Minh Triet, agreed on Thursday tocreate a $200 million joint development fund to strengthen economiccooperation between the socialist countries. "We�ve decided to march forward together, raising the flag ofsocialism," said Chavez, speaking alongside Triet during a ceremonyat the presidential palace. "We are building a strategicalliance." Among ...

Great unity will ensure VN achieves targets in 2009, PM

phil2561 — Fri, 02 Jan 2009 16:49:41 GMT

Great unity will ensure VN achieves targets in 2009, PM (02-01-2009) Prime Minister Nguyen Tan Dung.�VNA/VNS Photo Duc Tam Ha Noi � In the course of implementing the Resolution of the 10th National Party Congress, 2008 was a pivotal year for the country�s five year socio-economic development plan (2006-2010), but the year witnessed very complicated and unlikely changes in Viet Nam and the world economy. In a New Year article summing up developments during 2008 and outlining tasks ...

Vietnam Devalues Dong to Fight Slowdown, Help

dry — Thu, 25 Dec 2008 15:05:58 GMT

Vietnam Devalues Dong to Fight Slowdown, Help Exports (Update4) By Nguyen Dieu Tu Uyen Dec. 25 (Bloomberg) -- Vietnam�s central bank devalued the dong by 3 percent to help exporters after the Southeast Asian economy expanded at the slowest pace in nine years and the trade deficit widened. The State Bank of Vietnam fixed the reference rate at 16,989 dong per dollar, versus 16,494 yesterday, according to its Web site. Policy makers maintained a currency band that allows the ...

Vietnam's Trade Deficit Widens to Record $17 Billion

dry — Thu, 25 Dec 2008 14:57:27 GMT

Dec. 25 (Bloomberg) -- Vietnam's trade deficit widened to a record $17 billion in 2008, boosted by higher imports of equipment for projects such as the country's first oil refinery. The gap expanded 21 percent from $14.1 billion a year earlier, according to preliminary figures from the General Statistics Office in Hanoi. Exports rose 29.5 percent to $62.91 billion and imports climbed 27.5 percent to $79.92 billion. Vietnam's growing trade deficit created concern in the ...

ACB Licensed to Sell Forex Services

silleycats — Wed, 17 Dec 2008 20:29:09 GMT

NEWS & EVENT ACB licensed to supply forex services The Governor of the State Bank of Vietnam (SBV) issued on December 16 Document No.10934/NHNN-CNH, asserting that the Asia Joint-Stock Commercial Bank (ACB) has met proper conditions to provide foreign exchange services to its customers. Under this Document, the Asia Joint-Stock Commercial Bank is allowed to conduct foreign exchange services as follows: Mobilization, lending and guaranty in foreign currencies in various forms ...

Non-dollar currencies revaluating, is it time to invest in currencies?

Anonymous — Wed, 10 Dec 2008 17:01:15 GMT

http://vietnamstock.com/?p=19128 Non-dollar currencies revaluating, is it time to invest in currencies? Vietnamnet Bridge December 10, 2008 VietNamNet Bridge - The fact that the Japanese yen has been appreciating against other currencies, like the greenback, euro and VND, has prompted people to keep non-dollar hard currencies, with a hope that the ...

This doesn't sound promising

KingG — Tue, 09 Dec 2008 16:52:36 GMT

Vietnam's currency could be devalued next year due to a worsening balance of payments and bad bank debts while the government also needs to prop up exports hit by the global economic downturn, economists said on Tuesday. The country's central bank, the State Bank of Viet Nam, last month for the third time this year widened the daily band in which the dong is allowed to move, increasing it to 3% either side of a fixed mid-point set each day, from 2%. "The exchange rate now is overly ...

This sounds Promising!

silleycats — Tue, 02 Dec 2008 18:29:54 GMT

I thought this article was interesting & I wanted to share: PM calls for more efforts against economic recession Prime Minister Nguyen Tan Dzung has urged all the ministries, sectors, provinces and enterprises to make all efforts and measures to prevent economic recession, to support production and business and to maintain proper economic growth rate in line with a five key point package. This call was announced by the Prime Minister at the meeting of his cabinet on November ...

VN Dong Rumor

mochasmom — Wed, 19 Nov 2008 20:50:12 GMT

Someone reported that they heard that the Dong had revaled. According to the forex it has not!!That's all I have.It is currently 16975./USD

What is happening?

spoiledred — Mon, 08 Sep 2008 17:02:57 GMT

What is the latest on the Dong? Is it going anywhere or doing anything?
Peg

Vietnamese Dong