Yahoo foreign exchange rate

VietNamNet Bridge – Hundreds of emails have been sent to VietNamNet’s Vietnam Economic Forum, complaining about the sharp dollar price increases. The businessmen complain that if the current situation cannot be improved, they will have to shut down. How to ease the “dollar fever”?Dollar increases make businesses exhausted   “I cannot understand how the black market can exist in such an open air. I do not know if there is another country in the world like Vietnam? If you sell dollars to banks, you will get 19,500 dong per dollar, but if you want to buy dollars from banks, you will have to pay much higher at 21,500 dong per dollar,” Le complained. “If the existing problems cannot be improved by Tet (February 2011), we may have to shut down our business,” he continued. Tien phong newspaper reported that at a recent meeting with the Ministry of Industry and Trade, Deputy General Director of Petrolimex, … [Read more...] about Businesses: We will have to shut down if the dollar shortage cannot be eased

VietnamNet Bridge – The US dollar in Vietnam has a green side when it is transacted among banks, a red side when it is in hands of management agencies, and a black side when it is traded on the black market. The decision by the State Bank of Vietnam to devaluate the local currency Vietnam dong by more than 9% has stirred up the public. Hundreds of VietnamNet’s readers have emailed to the editorial board, expressing their surprise about the decision. They wrote that they could not imagine that the Vietnam dong would depreciate so sharply. It’s necessary to shut down the black market [email protected] wrote: “ The US dollar in Vietnam has a green side when it is transacted among banks, a red side when it is in hands of management agencies, and it has a black side when it is traded on the black market. The reader believed that what is necessary to do now is to shut … [Read more...] about US dollar in Vietnam: the currency with three “sides”

Vietcombank sells 2.1 billion dollars to SBV Vietcombank had sold a huge volume of US dollars to the State Bank of Vietnam (SBV) over the past 18 months, a bank official told VnEconomy online. Pham Thanh Ha, deputy general director of Vietcombank, said they had sold 2.1 billion USD so far this year and 3.14 billion USD last year to the SBV. Ha said that since early this year, the local foreign currency market and exchange rates had remained stable thanks to measures applied by the central bank. The SBV had resumed buying back a huge volume of US dollars from commercial banks after increasing the buying price from 20,826 VND to 21,100 VND per dollar following fluctuations on the local foreign currency market, he said. The stable exchange rate between the Vietnamese dong and the US dollar was thanks to monetary policies issued by the State Bank of Vietnam to boost the domestic economy. This stability had also contributed to maintaining macro-economic growth and increased confidence in … [Read more...] about BUSINESS IN BRIEF 16/11

Businesses focus on improving job skills Companies in Viet Nam this year will focus on improving skill sets of staff by using internal programmes, a survey from an international recruiting company has found. According to the Robert Walters' annual Global Salary 2014, companies face recruitment pressure because of a small pool of highly qualified staff. "As companies continue to compete for top Vietnamese talent, the shortage of candidates and lack of skills in niche areas pose recruitment challenges," Jon Whitehead, country manager of Robert Walters Viet Nam, said at a conference early this week in HCM City. "Employers are likely to focus on training and development programmes for existing teams in order to nurture talent internally," he said. "Attracting overseas Vietnamese back home is another viable option as such candidates are valued for their international exposure and expanded portfolio.". The survey points out that 3.5 out of 5 respondents are looking to switch jobs this year, … [Read more...] about BUSINESS IN BRIEF 4/3