Vietnamese dong weakened 10 to 50 dong per dollar at commercial banks yesterday morning, after the central bank lowered the dong’s reference rate for the first time since August. Source: english.vietnamnet.vn

 Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to have a minimum US$10 billion of assets at the end of the previous year as of February 8. Source: english.vietnamnet.vn

 Foreign capital flowing into Vietnam reached a record high last year, promising more economic growth but more competition for domestic companies. Source: english.vietnamnet.vn

 VietNamNet Bridge – Vietnamese exporters of agricultural products must join global production chains if they are to take advantages of the opportunities of the Trans Pacific Partnership (TPP) free trade pact. Source: english.vietnamnet.vn

VietNamNet Bridge – The big change in the exchange rate, if it is made, would cause many depositors to withdraw dollar deposits before maturity, experts have warned, which would create market chaos. Source: english.vietnamnet.vn

“In the old days, ship owners were kings. Now, they are beggars,” a representative of VISABA (Vietnam Ship Agent and Brokers Association) said, speaking about the plunge in bulk sea transport charges. Source: english.vietnamnet.vn