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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.

Currency printer reports H1 loss

The National Banknote Printing Press has reported a VND11 billion ($475,000) H1 loss, down from VND60 billion ($2.6 million) in H1 2018 profit.

Leading brokerage firms see H1 profits drop

Vietnam’s top brokerage firms reported lower H1 profits after trading value fell by 40 percent year-on-year in the second quarter.
July 24, 2019 | 09:35 am 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

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

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

New US interest rate to exert pressure on Vietnam’s inflation goal

The recent increase in U.S. interest rate will generate pressure on the Vietnamese dong and make inflation target hard to meet, experts warn.
September 29, 2018 | 08:58 pm GMT+7

Dong dips to new low against the greenback

The U.S. dollar strengthened against the Vietnamese dong on Tuesday as the central bank upped its reference rate.
August 14, 2018 | 02:23 pm GMT+7

Exchange rate ‘under control’ assures State Bank of Vietnam

The dong has fallen against the U.S. dollar with the exchange rate hitting the lowest in years, but the central bank said the rate is “under control.”
August 02, 2018 | 10:52 am GMT+7

Greenback strengthens to record high against dong

The Vietnamese dong continued to weaken against the U.S. dollar with the exchange rate hitting the lowest in years on Tuesday.
July 31, 2018 | 04:44 pm GMT+7

Central bank allows dong to slide against greenback

The Vietnamese dong has been losing ground against the U.S. dollar in the last few days as the central bank lowered its reference rate.
July 25, 2018 | 11:18 am GMT+7

Central bank intervenes to check currency fall

The dong showed signs of stability on Wednesday, rising slightly against the dollar as the State Bank of Vietnam intervened to increase foreign currency supply.
July 18, 2018 | 06:49 pm GMT+7

Yuan fall worries Vietnamese firms

They fear that strong Chinese exporters might sell their products in large quantities, taking advantage of the weakened currency.
July 05, 2018 | 07:44 am GMT+7

Vietnam central bank ready to intervene as dong dips

The Vietnamese currency hit 22,965 to the dollar on Friday as the greenback rose in global markets.
July 03, 2018 | 10:23 am GMT+7
 
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