foreign exchange

Economic recovery momentum continues into second quarter

June 12, 2024 | 11:14

UOB (United Overseas Bank) expects GDP growth to pick up to 6 per cent in the second quarter of 2024, extending the 5.66 per cent gain seen in the first quarter.

UOB: USD likely to weaken against the VND

May 03, 2024 | 16:10

The latest Global FX and Rate Outlook from UOB Global Economics and Markets Research dated May 3 expects the USD to weaken later this year.

New colours painted for Vietnam’s recovery

January 01, 2024 | 17:54

After witnessing a series of uncertainty throughout 2022, in particular with interest rates and foreign exchange movement, Vietnam’s economy was expected to adopt a V-shaped recovery in 2023.

Singapore partners with Japan, UK, Switzerland on digital asset initiative

October 31, 2023 | 12:23

Regulators in Singapore, Japan, the UK and Switzerland are planning asset tokenisation tests for fixed income, foreign exchange and asset management products, the Swiss Financial Market Supervisory Authority (FINMA) reported on October 30.

Fashion show to highlight cultural ties with Japan

February 22, 2023 | 10:30

A fashion show revolving around the kimono and ao dai will take place on March 4, aiming to promote cultural exchange between Vietnam and Japan.

Status of foreign currencies in sale or purchase of shares

November 23, 2022 | 10:37

Agreements on transfer prices or payment in foreign currencies in the sale and purchase of shares may entail legal risks, potentially leaving transactions invalid.

Maybank Securities predicts robust growth for H2 2022

August 10, 2022 | 12:24

The earnings growth of listed companies is predicted to pick up in the second half of the year according to Maybank Securities' latest report.

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”.

Transparency first: how to choose an upright broker 1

September 07, 2020 | 17:09

Foreign exchange trading has seen massive growth in the past few months as people confined to their homes with more time on their hands look for new avenues of investment.

Reference exchange rate up 5 VND 1

February 04, 2020 | 15:51

The State Bank of Vietnam set the daily reference exchange rate at 23,206 VND/USD on February 4, up 5 VND from the previous day.

Reference exchange rate down 2 VND

January 16, 2020 | 09:51

The State Bank of Vietnam set the daily reference exchange rate at 23,156 VND/USD on January 16, down 2 VND from the previous day.

Gold shines as dollar weakened by geopolitical tension

June 25, 2019 | 16:48

The rally in gold continued in Vietnam on June 25 with the price hitting a fresh, more-than-two-year high in Vietnam and a six-year high in the world.

SBV inconsistent in gold policy

January 30, 2013 | 08:44

The State Bank of Vietnam (SBV) sometimes said it would make local gold prices closer to the world’s prices, sometimes said it would not, and lately has announced it will join the gold market to bridge the price gap. Such inconsistency has put local consumers on tenterhooks, according to experts.

Charm offensive to attract power FDI

July 02, 2012 | 12:20

A greater foreign exchange guarantee and an independent power distribution mechanism could be rolled out to attract much needed foreign direct investment into Vietnam’s power sector.