When banks do circus

When banks " do circus "

11:22:45 | 27/07/2010

said business is still a severe environment , but also so kind as to condemn the dishonest business , unethical ...
Recent days , the people , enterprises ( companies ) are complaining that it is very difficult to buy dollars at the rate the bank is committed to sell , despite accepting the purchase price at the theater ceiling of 19,100 . The companies often pay more than the price stipulated on 40 - 100 VND / USD .

The problem is that businesses want to buy foreign currency if they accept the high prices will be resolved soon , but if any "hard neck " requires purchase price , shall not wait to never know .

The bank has explained this situation is due to scarce foreign currency , foreign currency to be sold to enterprises , they must accept U.S. dollars from various sources to buy at high prices . However , the official explanation from the authorities not as arguments of the bank .

more than ten days ago a new , officially the State Bank to disclose information , said the foreign currency supply and demand is still stable .

Accordingly, during six months of this year , the balance of capital surplus are surplus to offset the current deficit and capital inflows are mainly long-term capital flows and stable . Specifically , although the current balance deficit of 3.57 billion dollars , the trade balance deficit of 4.2 billion dollars but in return one-way transfer nearly $ 3.9 billion net ; cash remittances estimated to reach 3.6 to 3.7 billion USD in FDI was disbursed reached U.S. $ 5.4 billion , net FII capital reached $ 1.8 billion surplus . Generally the total balance of current and capital and financial balance , six months in 2010 Vietnam has more surplus to $ 3.4 billion .

Thus, there is no shortage of U.S. dollars, the bank sold dollars for corporations not prescribed rates from unfavorable changes in total supply and demand of the economy .

Maybe with their professional skills , the bank had " circus " in business , despite the authorities had orientation and recommendations ? Does the bank have given untruthful information ? Does the bank had deliberately profiteering on the back of business ? Perhaps no agency handling the State Management just stop at the recommended level ?

Source: vinacorp.vn