Finance

Remittances reach about $16 billion in 2024

Deputy Prime Minister and Minister of Foreign Affairs Bùi Thanh Sơn said this remittance level is equivalent to 2023, when remittances reached a record high post pandemic.

HCM City remittances up at record $9.6b in 2024

Following 2023, remittances to HCM City rose to a record again of US$9.6 billion last year, the State Bank of Việt Nam has said. They were up $140 million from 2023 and accounted for more than half of the country’s total...

Exchange rate cools in wake of SBV’s new policy

Instead of using spot contracts to sell the US dollar as previously, the SBV has stopped this and has started to use the futures contract.

Đồng forecast to depreciate by 3% against dollar in 2025

The possibility of a sharp increase in the USD/VNĐ exchange rate will significantly impact the monetary policy of the State Bank of Vietnam (SBV).

Fed’s foreseen rate cuts affect foreign exchange rate

After the Fed’s move, the US dollar index (DXY) on December 19 hit nearly 108, the highest level in the past year.

Exchange rate forecast not to be under high pressure at year-end

The market is banking on the Fed cutting rates by 0.25 basis points at their meeting on December 17-18.