Vietnam should open forward exchange market

Viet Nam, the bank, the foreign exchange market, term, credit, interest rates, loan capital, vonHom 12-8, State Bank held a seminar of international experience in developing foreign markets term exchange and derivative products.

Mr Tai Hui, head of Southeast Asian Studies of the Standard Chartered Bank, said the U.S. should develop a forward exchange market. This market will contribute to creating favorable conditions for foreign investment in Vietnam, help investors and domestic firms in the foreign exchange risk management; reduce demand for the dollar store or the foreign other currencies, thereby reducing the severity of dollars. On the other hand, the expansion of forward exchange market can help increase the liquidity of the market and reduce speculation by requiring secured by the original investment or the underlying transaction.