SBV sticks to 0% rate to fight off dollarisation

Measures implemented by the State Bank of Vietnam (SBV) to fight off the dollarisation of the economy, highlighted by the 0% interest rate for deposits made in US dollars, have produced positive effects in stabilising the exchange market, increasing foreign reserves, remittance flows and foreign investments, said economists.
Economy

M&A market waiting for big deals

In the first seven months of 2024, foreign investment channeled into new and existing projects increased sharply compared to the same period last year, by 35.6 per cent to US$10.8 billion and 19.4 per cent to nearly $5 billion, respectively.

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