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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.
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.
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 08, 2021 | 04:37 pm GMT+7
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 23, 2020 | 09:58 am GMT+7
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 02, 2020 | 01:37 pm GMT+7
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 08, 2020 | 08:29 am GMT+7
Dong to fall slightly against the dollar
The dong could average slightly lower this year to VND23,475 per dollar down from VND23,230 per dollar in 2019, according to Fitch Solutions.
January 20, 2020 | 03:31 pm GMT+7
Vietnam stuck on US currency manipulation watchlist
The U.S. Department of Treasury has concluded no major American trading partner is a currency manipulator but placed 10 countries, including Vietnam, on its watchlist.
January 15, 2020 | 06:20 pm GMT+7
Exchange rate likely to come under pressure in 2020: HSBC
Vietnam’s currency exchange rate might face pressures next year due to declining export growth, an HSBC official says.
December 21, 2019 | 09:00 am GMT+7
Vietnam likely to keep dong strong this year
Vietnam has room to keep its currency strong until year-end despite pressures from a rising dollar and falling yuan, analysts said.
August 24, 2019 | 11:30 am GMT+7
Trade spat fallout: cheaper Chinese toys hurt Vietnamese producers
An import surge of cheaper Chinese toys courtesy of the U.S.-China trade war is making life difficult for Vietnamese producers.
July 07, 2019 | 04:46 pm GMT+7
Vietnam seeks no unfair trade advantage: central bank
In respond to Vietnam's inclusion in a U.S. currency manipulation watchlist the SBV says the country seeks no unfair advantage over other countries.
May 30, 2019 | 09:19 pm GMT+7
US adds Vietnam to currency manipulation watchlist
The U.S. Treasury has added Vietnam to a currency manipulation watchlist, citing the country's trade surplus with the U.S as a factor.
May 29, 2019 | 08:30 pm GMT+7
Vietnam prepares to prop up currency, ready to sell greenback
Vietnam’s central bank has said it is ready to sell dollars to shore up the dong if needed.
May 22, 2019 | 07:48 pm GMT+7
Vietnam least affected ASEAN member by US-China trade pact
Vietnam has the least proportion of its exports used as raw material for Chinese exports compared to ASEAN neighbours, a report says.
May 17, 2019 | 10:54 am GMT+7
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