Softer exchange rate loom in H2
June 02, 2023 | 17:49
The USD/VND exchange rate is forecast to abate in the months to come, leveraging diverse supportive factors in both domestic and international markets, as well as central bank movement.
Favourable balance declared in foreign currency
April 25, 2023 | 09:00
The interbank USD/VND exchange rate is expected to stabilise in the current quarter, according to forecasts.
Exchange rate spike not deemed an imminent threat
March 01, 2023 | 10:00
The USD exchange rate on the morning of February 24 on the free market and banks both increased sharply compared to the previous session, exceeding the threshold of VND24,000.
New exchange rate policy not without risk
November 03, 2022 | 12:21
Exchange rate volatility is increasing due to geopolitical shocks across the globe. Thanks to its sound policy framework, Vietnam has remained largely immune to such international turbulence. However, exchange-rate depreciation is not without risks, writes Patrick Lenain, senior associate at the Council on Economic Policies.
State Bank adjusts USD/VND exchange rate band to 5%
October 17, 2022 | 15:18
The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.
Exporters seeking to retain competitive edge
October 13, 2022 | 08:00
Adverse fluctuations in the exchange rate and high USD interest rates could be detrimental to Vietnam’s exports next year, urging businesses to proactively respond to exchange rate issues in addition to the State Bank of Vietnam’s intervention.
Reference exchange rate down 18 VND
September 09, 2022 | 16:36
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,263 VND/USD on September 9, down 18 VND from the previous day.
Inflation risks pose questions for exchange rate policy
August 24, 2022 | 10:59
In response to the recent Fed’s interest rate hike, the State Bank of Vietnam is predicted to tighten its monetary policy in an attempt to curb inflation, with a focus on controlling the exchange rate.
US and Vietnam aligning on monetary philosophy
August 24, 2021 | 13:09
The United States and Vietnam are making joint efforts to ensure market fairness and macroeconomic stability, therefore enhancing bilateral economic links with monetary and exchange-rate perspectives.
Reference exchange rate down 5 VND on August 19
August 19, 2020 | 09:40
The State Bank of Vietnam set the daily reference exchange rate at 23,204 VND per USD on August 19, down 5 VND from the previous day.
Reference exchange rate up 4 VND on July 13
July 13, 2020 | 09:59
The State Bank of Vietnam set the daily reference exchange rate at 23,220 VND per USD on July 13, up 4 VND from the last working day of the previous week (July 10).
Reference exchange rate up 8 VND on April 21
April 21, 2020 | 13:57
The State Bank of Vietnam set the daily reference exchange rate at 23,246 VND per USD on April 21, up 8 VND from the previous day.
Reference exchange rate down 1 VND on December 26
December 26, 2019 | 12:00
The State Bank of Vietnam set the daily reference exchange rate at 23,162 VND/USD on December 26, down 1 VND from the previous day.
Forex rate forecast to remain stable till year-end
November 01, 2019 | 13:58
The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
Firms advised to use derivative tools to minimise forex risks
October 04, 2019 | 10:13
Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
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