forex

$200-million forex scam by TikToker uncovered
Hà Nội Police, in collaboration with various departments of the Ministry of Public Security, have dismantled a criminal network engaged in fraudulent activities through illegal forex and stock trading platforms. The group was led by Phó Đức Nam, better known as "Mr Pips" on social media.
  • Fed interest cuts ease pressure on Vietnam forex market
    The United States Federal Reserve’s recent decision to lower its benchmark interest rate by 0.5% is expected to ease pressure on the exchange rate between the US dollar and the Vietnamese Dong, and enable the State Bank of Vietnam (SBV) to flexibly adjust its monetary policy, according to analysts.
  • Central bank works to raise interbank rates and ease forex market
    The State Bank of Vietnam (SBV) has shortened terms and kept the interest rate of its bills unchanged to increase the attractiveness of the bill channel, which will help raise the interbank interest rates and reduce pressure on the USD/VND exchange rate.
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