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Vietnamese currency hits 2-year low against dollar

Vietnamese currency hits 2-year low against dollar

Vietnamese banks on Monday traded the dong against the U.S. dollar at the lowest rate in two years as the greenback strengthens globally amid economic uncertainty.
Vietnam to speed up foreign currency selling

Vietnam to speed up foreign currency selling

The State Bank of Vietnam is set to increase the frequency of currency selling amid rising U.S. interest rates, which have strengthened the greenback.
June 21, 2022 | 12:33 am PT
US adds Taiwan, Vietnam to currency monitoring list

US adds Taiwan, Vietnam to currency monitoring list

No major U.S. trading partners such as China have been labeled as manipulating their currencies, but Taiwan and Vietnam were added to a “monitoring list” of foreign exchange policies, the Treasury Department said Friday.
June 10, 2022 | 06:58 pm PT
Vietnam's exchange rate unchanged following Fed's interest rate hike

Vietnam's exchange rate unchanged following Fed's interest rate hike

Most currencies of developing countries have fallen against the U.S. dollar after the Federal Reserve raised interest rates last week, but not for the Vietnamese dong.
May 10, 2022 | 05:53 pm PT
Dollar nears pandemic peaks as investors seek safety

Dollar nears pandemic peaks as investors seek safety

The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of U.S. rate hikes and on safe-haven flows fanned by slowing growth in China and Europe.
April 26, 2022 | 06:27 pm PT
Foreign exchange reserves rise to record $110 bln

Foreign exchange reserves rise to record $110 bln

Vietnam’s foreign exchange reserves have climbed to a record of nearly $110 billion, but experts say it needs to be increased further to prevent possible economic "shocks".
March 14, 2022 | 08:04 pm PT
Vietnam to pay attention to monetary policy after US report: c.bank official

Vietnam to pay attention to monetary policy after US report: c.bank official

Vietnam will pay more attention to its monetary policy as it is not only a domestic matter but a concern for the country's big trade partners, a central bank deputy governor said on Sunday, days after the U.S. Treasury's semi-annual currency report.
December 5, 2021 | 07:45 pm PT
Vietnam doesn’t manipulate currency: US Treasury

Vietnam doesn’t manipulate currency: US Treasury

Vietnam did not seek to manipulate their currencies for a trade advantage or to prevent effective balance of payment adjustments, the U.S. Treasury reported.
December 4, 2021 | 02:29 am PT
Dollar could reverse fall against dong next year: HSBC

Dollar could reverse fall against dong next year: HSBC

The dollar has been dropping against the dong in recent months but could bounce back higher next year with slower FDI inflows and an expected current account deficit.
September 17, 2021 | 07:44 pm PT
Vietnam pledges not to devalue currency in agreement with US Treasury

Vietnam pledges not to devalue currency in agreement with US Treasury

Vietnam has pledged not to deliberately weaken its dong currency, reaching an agreement with the U.S. Treasury to make its monetary and exchange rate policies more transparent.
July 19, 2021 | 07:47 pm PT
Vietnam strengthens local currency against the dollar

Vietnam strengthens local currency against the dollar

The State Bank of Vietnam (SBV) lowered its buying price for the U.S. dollar by 0.65 percent to VND22.975, the first such move in half a year.
June 8, 2021 | 01:37 am PT
Vietnam tells US no desire for trade advantage through monetary policies

Vietnam tells US no desire for trade advantage through monetary policies

PM Nguyen Xuan Phuc has assured U.S. President Donald Trump that Vietnam does not seek to derive a trade advantage through its monetary policies.
December 22, 2020 | 06:58 pm PT
Remittances to Ho Chi Minh City rise despite pandemic

Remittances to Ho Chi Minh City rise despite pandemic

HCMC saw overseas remittances rise by 6 percent year-on-year to $4.2 billion in the first nine months of this year, despite the economic fallout of the Covid-19 outbreak.
November 1, 2020 | 10:37 pm PT
Vietnam currency to remain stable throughout the year

Vietnam currency to remain stable throughout the year

Vietnam’s currency will likely remain stable this year as the greenback weakens and foreign exchange reserves rise, experts say.
September 7, 2020 | 05:29 pm PT
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