Tag: state bank of vietnam

Central banks across Asia are clarifying their stance on so-called initial coin offerings. What's the status of this controversial fundraising innovation in your market?

*China opens RMB card clearing *Korea approves won-renminbi trade in China *Australia takes step toward fintech "sandbox" *Thailand wants stricter director disclosure rules

Regulatory roundup: Taiwan approves new FX businesses; China grants banks leeway for debt rollover; FASB defers revenue recognition standard

Vietnam is giving no quarter to those who blemish its reputation as a place of investment, including sentencing a banker to death.

Vietnam's normally very volatile CPI inflation is showing positive signs of dampening and cooling off. Core inflation did increase, indicating domestic demand is starting to pick up but economic data is indicating otherwise.

To help suffering businesses in Vietnam, the central bank has requested bank rates for existing loans be pushed down to 15% and under.

Vietnam’s balance of payment surplus soared past the $2 billion mark in first quarter 2012. This compares to the $126 million deficit it posted the same period last year. The news augurs well for the stability of the dong.