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exchange rate
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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.
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.
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
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
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 02, 2019 | 08:11 am 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
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 | 04:00 pm GMT+7
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 10, 2019 | 07:53 am GMT+7
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 08, 2019 | 09:25 am GMT+7
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 | 09:14 pm GMT+7
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 23, 2018 | 07:58 am GMT+7
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 05, 2018 | 07:35 pm GMT+7
Exchange rates, tax worry Vietnam’s most profitable firms: survey
Exchange rate fluctuations and high taxes are the main concerns of Vietnam’s most profitable businesses, a recent report has found.
October 25, 2018 | 08:42 am GMT+7
US-China trade spat will exert exchange rate pressure on Vietnam
If US-China trade tensions drag on, Vietnam will still see good growth but face strong exchange rate pressures exerted by two major currencies.
October 15, 2018 | 04:01 pm GMT+7
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