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foreign exchange

Foreign exchange rate increases again in October

Foreign exchange rate increases again in October

According to experts, the exchange rate has increased again due to a recovery of the US dollar price in the international market and a slowdown in Việt Nam’s trade surplus.
Central bank might work to increase nations foreign exchange reserves

Central bank might work to increase nation’s foreign exchange reserves

According to data from WiChart, the SBV has maintained the buying rate at VNĐ23,400 per dollar since mid-May 2023.
Central bank takes looser monetary measures

Central bank takes looser monetary measures

The SBV this week also continued to reduce the bill interest rate from 4.2 per cent per year to 4.15 per cent per year.
Foreign exchange rate cools rapidly

Foreign exchange rate cools rapidly

On Wednesday, the central exchange rate of the Vietnamese đồng against the US dollar was listed by the SBV at VNĐ 24,246 per dollar, down VNĐ5 compared to the previous day.
Many banks gain big profits from foreign exchange trading

Many banks gain big profits from foreign exchange trading

Some banks even recorded strong three-digit growth or switched from loss to a large profit due to Forex.
Foreign exchange rates to remain under pressure in H2 2024

Foreign exchange rates to remain under pressure in H2 2024

In a recent report, analysts from Viet Dragon Securities Company (VDSC) said the dollar will maintain its strength because the interest rate difference between the US and other countries is still high when the US Federal Reserve (Fed) cuts interest...
Sacombanks foreign exchange services win The Asset Triple A Award

Sacombank’s foreign exchange services win The Asset Triple A Award

Sacombank has won the Best in Treasury and Working Capital SMEs Vietnam award at the 2024 The Asset Triple A Award given away by Hong Kong magazine The Asset.
Is Vietnamese đồngs depreciation worth worrying?

Is Vietnamese đồng’s depreciation worth worrying?

As Việt Nam navigates the global economic headwinds, the complex challenge that the SBV is grappling with is maintaining the relative stability of exchange rate while upporting the economic growth – a priority in Việt Nam''s economic policy.
SBV takes more actions to stabilise foreign exchange rate

SBV takes more actions to stabilise foreign exchange rate

The SBV’s move is considered an important operation in its exchange rate management.
Majority of credit institutions forecast profit growth in 2024

Majority of credit institutions forecast profit growth in 2024

Credit institutions said the overall business performance and pre-tax profit of the banking system in the first quarter of 2024 were not as good as expected. However, they expect it will be better in the second quarter of 2024 and...
SBV turns on mood for market intervention to stabilise exchange rates

SBV turns on mood for market intervention to stabilise exchange rates

The global political and economic situations have caused the currencies of many countries to depreciate significantly, including those of strong economies, by around 3-9 per cent. Việt Nam is no exception with the Vietnamese đồng losing 4.9 per cent against...
Foreign exchange rate cools after central banks intervention

Foreign exchange rate cools after central bank’s intervention

According to experts, this move is aimed to support the foreign exchange rate, which has been under rising pressure recently, as the bill issuance has helped absorb liquidity in the interbank market to increase Vietnamese đồng-denominated interest rate, which has...
Foreign exchange rate forecast to be under control in 2024

Foreign exchange rate forecast to be under control in 2024

In 2024, production will gradually recover so imports will likely grow a bit faster than exports, but in general, the overall balance will still help Việt Nam take the initiative to regulate the VNĐ/USD exchange rates.
Sacombank wins foreign exchange award from Euromoney

Sacombank wins foreign exchange award from Euromoney

Sacombank has been named the “Best FX Bank Rest of the World - Vietnam” by Euromoney magazine for the 2023  Euromoney Foreign Exchange Awards in which financial institutions from nearly 100 countries took part.
Banks made big profits from foreign exchange business

Banks made big profits from foreign exchange business

Commercial banks made large profits from spot foreign exchange trading activities in the first half of this year as the difference between the dollar buying and selling price was often high at some VNĐ350-400 per dollar.