A recent money market report of Saigon Securities Incorporation (SSI) showed the SBV last week net withdrew a total of VND34.6 trillion through the OMO channel. The State Bank of Vietnam (SBV) has net withdrawn VND57.6 trillion through open market operation (OMO) and foreign currency selling channels to maintain the liquidity of the banking system […]
Read MoreVietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office (GSO). The three months posted such high growth as the same period last year which saw the COVID-19 pandemic breaking out strongly and seriously affecting production and business activities. With upbeat signs reported in almost all aspects […]
Read MoreMANILA, Philippines — The government expects to release its policy on zero tariffs on electric vehicle (EVs) imports by the end of this year, according to an official of the Department of Energy (DOE). In a pre-event press conference for the 10th Philippine Electric Vehicle Summit (PEVS), DOE director Patrick Aquino affirmed that there are […]
Read MoreVietnam welcomed about 1.87 million international arrivals in the first nine months of this year, 16.4 times higher than the same period last year but much lower than that in the same time in 2019 before COVID-19 broke out. In September alone, the country saw nearly 432,000 foreign visitors, down 11.2% over the previous month. […]
Read MoreMost emerging Asian currencies weakened against a stronger US dollar on Thursday, with the Thai baht shedding more than 1% following a quarter-point rate hike that investors viewed as moderate to bring down inflation running at a 14-year high. Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said the bank was ready to adjust the pace […]
Read MorePRESSURE on Indonesia’s rupiah is expected to be temporary, a senior Bank Indonesia (BI) official said on Thursday (Sep 29), adding the currency is expected to strengthen to reflect its fundamental value later in the year. Edi Susianto, who heads the central bank’s monetary management department, told Reuters in an interview BI would prioritise policies […]
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