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USD gains on unofficial market

USD gains on unofficial market

The U.S. dollar continues to gain against the Vietnamese dong on the unofficial exchange market as investors look to the greenback as safe haven amid global economic uncertainty.

US says Vietnam's currency actions 'unreasonable' but holds off on tariffs

US says Vietnam's currency actions 'unreasonable' but holds off on tariffs

President Donald Trump’s administration on Friday said Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not impose punitive tariffs.

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 may be added to expanded US list on currency manipulation: Bloomberg

Vietnam may be added to expanded US list on currency manipulation: Bloomberg

The Trump administration will expand the number of countries it monitors for currency manipulation in an upcoming report expected this month.

May 9, 2019 | 04:59 pm PT

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