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Central bank, police officials warn against investment in forex trading floors | Business

Wednesday, January 15, 2020 11:21
The State Bank of Vietnam (SBV) s Deputy Governor Dao Minh Tu speaks at the press conference (Photo: VNA)
Hanoi (VNA) – Officials from the State Bank of Vietnam (SBV) and the Ministry of Public Security have warned that investment in foreign exchange (forex) trading floors is extremely risky and not protected by the country s law.
During the Government’s regular press conference on March 2, SBV Deputy Governor Dao Minh Tu said only credit organisations licensed by the SBV are allowed to supply services related to the exchange of foreign currencies or derivatives. Therefore, forex trading floors are currently operating out of line with Vietnam s legal regulations. ....

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Vietnam racks up US$1.29 billion in trade surplus in two months

NDO/VNA - Vietnam’s trade balance posted positive, US$1.29 billion, in the first two months of the year, the General Department of Customs said on December 28. ....

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Travelling to nearby, safe destinations: the main tourism trend in Vietnam in 2021

NDO - In 2021, domestic tourism is still the development focus of the sector; meanwhile, famous seas and islands and tourist cities continue to be leading destinations and are predicted to continue to be popular destinations for Vietnamese tourists. ....

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Over 8,000 firms newly established in February

NDO - The number of newly established enterprises in February was 8,038, down 12.3% year on year, with a total registered capital of VND179.737 trillion (nearly US$7.8 billion), up 85.6%. ....

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Congratulations extended on Vietnam – Ethiopia diplomatic ties

NDO - Prime Minsiter Nguyen Xuan Phuc cabled a congratulatory message to his Ethiopian counterpart Abiy Ahmed on February 23 on the occasion of the 45th anniversary of diplomatic ties between the two countries (February 23). ....

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