Volatility returns to foreign exchange rates

Monday, Jun 04, 2018

On May 29 the State Bank of Viet Nam adjusted the dong-US dollar exchange rate, weakening the Vietnamese currency by VND9 to VND22,605 per dollar, which represented the greenback’s biggest rise so far this year.

Gold up, dollar down in unusual VN reaction

Thursday, Mar 16, 2017

The Federal Reserve’s decision on Wednesday to increase interest rates by 0.25 percentage points - to what is now between 0.75 to 1 per cent - has made the Vietnamese dong-US dollar exchange rate decrease and elevated domestic gold prices...

Dong strengthens against US dollar in early 2017

Monday, Jan 16, 2017

The dong has strengthened against the US dollar unexpectedly in the first two weeks of trading in 2017.  

Firms adapt to anti-dollar drive

Saturday, Apr 23, 2016

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Viet Nam (SBV)''s new regulation on tightening foreign currency credit.

Competition is key to national exports

Thursday, Sep 24, 2015

The State Bank of Viet Nam raised the US dollar exchange rate for the third time this year and expanded the dong''s trading band in early August to counter China''s move to depreciate the yuan. The decision is expected to influence the country''s...

Bank shares rise after forex adjustment

Wednesday, Jan 07, 2015

Cash flowed into bank stocks this morning after the State Bank of Vietnam increased the US dollar exchange rate by one per cent, from VND21,246 per dollar to VND21,458.

Forex fluctuations normal: experts

Tuesday, Nov 25, 2014

Experts predicted more fluctuations in foreign exchange rates from now till year-end because of higher domestic demand and clarified that this was normal.

Gold falls, dollar rates up

Wednesday, May 21, 2014

Viet Nam gold prices on May 21 ped by VND850,000 per tael from the peak value of VND37.5 million (US$1,785) per tael on May 20.

Vietnam Central Bank keeps dollar exchange at VND21,036

Monday, Aug 05, 2013

Vietnam''s Central bank set the US dollar''s exchange rate at VND21,036 on Monday, unchanged since June 28.