|16:36' 05/10/2007 (GMT+7)|
VietNamNet Bridge – Recently, experts have been talking much about the shortage of foreign currencies in the market, which they believe will badly affect the foreign capital inflow into the stock market.
Richard Yetsenga, expert on foreign currencies under HSBC, in charge of
Under Decree 160 guiding the implementation of the Forex Management Ordinance, all investment deals in
The shortage of foreign currencies, which may hinder the transfer of foreign investors’ profit abroad, is considered a risk for foreign investors, said Mr Yetsenga, adding that because
Nevertheless, an official from the State Bank of
According to Dominic Scriven, Managing Director of Dragon Capital, the foreign currency shortage recently only affected a small number of foreign investors who plan to begin investment in
The current policy on forex management has been applied in
Mr Yetsenga said that when integrating more deeply into the world,
Regarding loans in foreign currencies, Vietnamese enterprises still prefer borrowing in foreign currencies to VND, as foreign currency loans always have lower interest rates (4-5% per annum compared to 12-13%).
Saturday, October 06, 2007
Vietnam's foreign currency scarcity may affect foreign capital inflow
Posted by Saigon Charlie