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Vietnam prepares to prop up currency, ready to sell greenback

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.
ANZ Vietnam reports 75 pct fall in profit in H1

ANZ Vietnam reports 75 pct fall in profit in H1

ANZ Vietnam’s profits fell 75 percent in the first half of this year following the sale of its retail arm to Shinhan Bank.
September 20, 2018 | 11:21 am GMT+7
Vietnamese dong caught between rising dollar, falling yuan

Vietnamese dong caught between rising dollar, falling yuan

Vietnam’s central bank has to engage in a delicate balancing act as the U.S.-China trade war exerts inflationary pressures on the dong.
July 17, 2018 | 02:38 pm GMT+7
HSBC estimates Vietnam's foreign exchange reserves at $38 bln

HSBC estimates Vietnam's foreign exchange reserves at $38 bln

The central bank may have escaped the impacts of Brexit without exhausting its foreign reserves.
July 31, 2016 | 11:26 am GMT+7
China fixes yuan at over five-year low against dollar

China fixes yuan at over five-year low against dollar

China's central bank on Monday set the value of the yuan currency at a more than five-year low against the U.S. dollar, according to the national foreign exchange market, in a pattern of weakness in anticipation of higher U.S. interest rates.
May 30, 2016 | 11:40 am GMT+7
Vietnam's flexible exchange rate regime needs "more transparency": World Bank

Vietnam's flexible exchange rate regime needs "more transparency": World Bank

Vietnam’s shift to a more flexible exchange rate regime “is the best way at this point” as it would help improve the country’s “relatively low” foreign exchange reserves, said Sandeep Mahajan, lead economist of the World Bank office in Vietnam on Monday.
April 11, 2016 | 05:03 pm GMT+7
SBV official: Vietnam not ready yet for free floating exchange rate

SBV official: Vietnam not ready yet for free floating exchange rate

Vietnam's decision to change the mechanism for setting the dong’s daily reference rate is a step forward for the Southeast Asian country as it allows market forces to play a greater role in determining the exchange rate, said Bui Quoc Dung, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department in an interview with VnExpress.
April 08, 2016 | 04:00 pm GMT+7
 
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