Vietnam central bank ready to sell US dlrs to keep exchange rate stable

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HANOI : Vietnam's central bank is ready to sell U.S.dollars to the market to keep the exchange rate stable, Governor Nguyen Thi Hong said on Monday.

She said there is a need to encourage firms to raise funds via the corporate bond and stock markets.

FILE PHOTO: U.S.dollar banknotes are seen in this illustration taken March 10, 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeVietnam

Topics: Market Measures Been Bank Hanoi Hong Rate Exchange Central Economic Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 10:18:58 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23507273

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