currency

Currency approval boosts SBV policy

December 16, 2021 | 14:00

Reports from the US Treasury Department reaffirming that Vietnam is not manipulating its currency for trade advantage is expected to benefit the stock and banking system, while inflation risks are said to be under control thanks to the central bank’s flexible mechanisms.

US Department of Treasury and SBV reach mutual agreement on currency practices

July 21, 2021 | 08:59

The US Department of the Treasury and the SBV have reached an agreement to address the Treasury’s concerns about Vietnam’s currency practices.

Unearned currency label unlikely to stick

December 29, 2020 | 11:20

In a 70-page report on its macroeconomic and foreign exchange policies of major trading partners, the US State Department of Treasury named Vietnam and Switzerland “currency manipulators”.

US labels Vietnam currency manipulator in improper move

December 28, 2020 | 18:07

Prof. Dr. Tran Ngoc Tho from UEH outlines the questionable concepts in the US Treasury report labelling Vietnam and Switzerland currency manipulators.

Chinese yuan weakened to 11-year low in response to new tariffs

August 26, 2019 | 23:55

The yuan weakened 0.7 per cent against the dollar following comments from the White House that President Trump’s only regret was not raising tariffs more.

Cordial discussion on currency manipulation rumours

May 20, 2019 | 08:59

Vietnam and the US will continue to work towards finding a common ground on financial matters, including the VND/USD exchange rate and trade balances.

Foreign currency lending extended into 2019

January 03, 2019 | 10:40

The State Bank of Vietnam (SBV) has issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last year as planned.

Fed interest rate hike does not affect VND

December 25, 2018 | 11:44

The Fed hiking interest rates last week for the fourth time this year was not a total surprise and the dong has weathered through with poise.

Foreign tourists get surprise bonanza from Turkey woes

August 14, 2018 | 20:45

The collapse of the Turkish lira has caused trauma as Turks see their purchasing power slashed, but bargain-hunting foreign tourists visiting the country at the peak of the summer season are cashing in on a currency windfall.

Overseas remittances heating up for Tet holiday

February 07, 2018 | 14:28

With the Lunar New Year (Tet) just around the corner, more and more overseas remittances flow to Vietnam to fuel the traditional shopping spree.

SBV faces tricky juggling act

January 22, 2013 | 10:39

Christian Kamm, president of Kamm Investment, asks whether the State Bank’s dollarisation blitz can help get the gold market in order.

Weighing up the FX conundrum

October 20, 2012 | 12:56

Industry insiders are biting into the year-end exchange rate and foreign currency credit situation.

FX to avoid getting hot under the collar

September 26, 2012 | 16:52

Unlike previous years, the foreign exchange market has been relatively stable in the year to date and is forecast not suffer a dollar fever by the year’s end. However, National Financial and Monetary Policy Council member Tran Du Lich said the exchange rate policy must be held flexible to promote exports.