Reference exchange rate up at week’s beginning
August 27, 2024 | 08:49
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,254 VND/USD on August 26, up 4 VND from the last working day of previous week (August 23).
US dollar dominance not under threat, despite risks: Fed official
February 16, 2024 | 11:38
The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday.
Uncovering potential effects of USD’s trajectory on Vietnamese currency
October 26, 2022 | 08:00
A stronger US dollar is prompting a flight to safety, and investors might be looking for a safe harbour in US-denominated equities. Brook Taylor, CEO of VinaCapital Asset Management, discussed with VIR’s Luu Huong how the State Bank of Vietnam’s latest initiatives on the exchange rate could impact foreign funds into Vietnam.
Dollar extends gains on Fed rate hike expectations
October 21, 2022 | 16:50
The dollar extended gains Friday on expectations the Federal Reserve will press ahead with its programme of bumper interest rate hikes for the rest of the year.
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.
Weak US dollar consequences
August 31, 2020 | 13:12
The US dollar has started to decline in value over the past few months, with the benchmark US dollar Index down about 9 per cent since its March peak...
Banks continue to depreciate the greenback
June 18, 2020 | 09:47
After four sessions of appreciating the US dollar against the Vietnamese dong, the State Bank of Viet Nam (SBV) adjusted the greenback down on Wednesday, while commercial banks followed the trend.
Yuan price reduction affects on local industry: experts
August 14, 2019 | 09:50
The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Viet Nam’s yarn industry, according to Viet Nam Textile and Apparel Association.
Dong weakened slightly against the US dollar in H1 2019
July 02, 2019 | 16:37
The Vietnamese dong has gained some strength against the US dollar in the past month, helped by abundant domestic supply and favourable global conditions.
Experts say no concern for US dollar appreciation
May 10, 2019 | 15:16
The US dollar has continued to appreciate against the Vietnamese dong in recent days, but experts are not concerned about the rise, saying the central bank will take effective measures to get the foreign exchange market under control.
Dollar/dong exchange rate cools down
July 28, 2018 | 10:33
After strengthening the US dollar against the dong over the past few days, commercial banks on Thursday weakened the value of the greenback.
Vietnamese dong should be devaluated at moderate rate, says VEPR
July 18, 2018 | 09:59
The Vietnam Institute for Economic and Policy Research (VEPR) has suggested devaluing the Vietnamese dong against the US dollar but at a slower rate than the depreciation of China’s yuan against the greenback.
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