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

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

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

Unearned currency label unlikely to stick

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

US labels Vietnam currency manipulator in improper move

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

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

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

Cordial discussion on currency manipulation rumours

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

Foreign currency lending extended into 2019

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

Fed interest rate hike does not affect VND

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

Foreign tourists get surprise bonanza from Turkey woes

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

Overseas remittances heating up for Tet holiday

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

SBV faces tricky juggling act

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

Weighing up the FX conundrum

Industry insiders are biting into the year-end exchange rate and foreign currency credit situation.
FX to avoid getting hot under the collar

FX to avoid getting hot under the collar

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.
Uniform forex move may miss the point

Uniform forex move may miss the point

A new draft of amended ordinance on foreign exchange management was posted on May 10 to collect public opinions.
Standard & Poor’s rating downgrade

Standard & Poor’s rating downgrade

Standard & Poor’s has downgraded Vietnam’s local currency long term rating.
Banks up dollar deposit rates in search for forex

Banks up dollar deposit rates in search for forex

Some local lenders have broken ranks to offer higher than regulated dollar deposit rates.
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