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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.
Central bank buys $1.3 bln in foreign currencies

Central bank buys $1.3 bln in foreign currencies

The State Bank of Vietnam has bought up VND30 trillion ($1.29 billion) in foreign currencies from commercial banks, brokerage firm SSI has reported.
November 18, 2020 | 05:02 pm PT
Securities firm expects Vietnam currency to remain strong in 2021

Securities firm expects Vietnam currency to remain strong in 2021

Vietnam’s economic recovery, the U.S.’s expansionary monetary policy and a strengthening of the Chinese yuan are expected to keep the dong strong.
November 16, 2020 | 08:23 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
Vietnam stuck on US currency manipulation watchlist

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 | 03:20 am PT
Exchange rate likely to come under pressure in 2020: HSBC

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 20, 2019 | 06:00 pm PT
Dong falls to new low against greenback

Dong falls to new low against greenback

The dong has fallen by 1.4 percent to the dollar this year, hitting the lowest level in years.
October 1, 2019 | 05:11 pm PT
US adds Vietnam to currency manipulation watchlist

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 | 05:30 am PT
VND currency hits new low against USD

VND currency hits new low against USD

Commercial banks are selling USD for nearly VND23,500, a historical peak, with rates rising steadily since last week.
May 20, 2019 | 01:00 am PT
Banks rates higher than free market as dollar shortage bites

Banks rates higher than free market as dollar shortage bites

Unusually, Vietnamese banks’ dollar prices have been higher than the free market as they face a dearth of greenbacks.
May 9, 2019 | 04:53 pm PT
Vietnam’s dong falls to new low against the dollar

Vietnam’s dong falls to new low against the dollar

The Vietnamese dong continued to fall against the U.S. dollar, going beyond its lowest level ever recorded on April 24. 
May 7, 2019 | 06:25 pm PT
Vietnam currency falls to historic low

Vietnam currency falls to historic low

The Vietnamese dong has fallen to its lowest level ever against the U.S. dollar, and banks are fixing their exchange rates accordingly.
April 24, 2019 | 06:14 am PT
Higher Fed interest rate could weaken Vietnamese currency

Higher Fed interest rate could weaken Vietnamese currency

The U.S. recent interest hike might result in a high demand for U.S. dollars in Vietnam, weakening the local currency further, experts say.
December 22, 2018 | 04:58 pm PT
Vietnamese currency falls to new low, could go lower

Vietnamese currency falls to new low, could go lower

The official exchange rate between Vietnamese dong and U.S. dollar reached its highest this year Wednesday, and  experts said the dong could depreciate further.
December 5, 2018 | 04:35 am PT
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