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Foreign exchange rate to remain under control in wake of US tariff

Foreign exchange rate to remain under control in wake of US tariff

According to experts, to minimise exchange rate risks, the SBV should manage the rate flexibly, but not fix or anchor it because Việt Nam''s economy is deeply integrating towards becoming a market economy, which requires flexibility.
Ninh Thuận signs contract for 44.4 million social housing project

Ninh Thuận signs contract for $44.4 million social housing project

The project in the Thành Hải resettlement area will include 1,155 social housing units and 197 commercial housing units, with a total investment of over VNĐ1.13 trillion (US$44.4 million).
State Treasurys high dollar demand might increase exchange rate

State Treasury’s high dollar demand might increase exchange rate

The State Treasury has offered to buy a total of US$500 million from commercial banks in the past three weeks.
Đồng forecast to depreciate by 3% against dollar in 2025

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).
Government faces hurdles in push for one million social housing units

Government faces hurdles in push for one million social housing units

Experts emphasised the need to channel funds into less risky segments like social and affordable commercial housing to ensure a balanced real estate market. They also urged swift implementation of new regulations under the Housing Law and Land Law to...
Exchange rate forecast not to be under high pressure at year-end

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.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.
SBVs USD/VNĐ central exchange rate hits all time high

SBV’s USD/VNĐ central exchange rate hits all time high

The move came as the dollar index (DXY) hovered around a four-month high of more than 105, with the market welcoming Donald Trump''s victory in the US presidential election.
Policy interest rate forecast to remain unchanged in 2024, experts

Policy interest rate forecast to remain unchanged in 2024, experts

At last week’s meeting, SBV’s deputy governor Đào Minh Tú said the SBV has so far left open any policy interest rate decision.
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.
GDP growth rate hit 7.4 per cent in Q3

GDP growth rate hit 7.4 per cent in Q3

The General Statistics Office estimates that the Government''s target of 7 per cent GDP growth rate this year is achievable.
Family tax deduction rate under review: MoF

Family tax deduction rate under review: MoF

Given the evolving economic landscape and changes in living standards, The Ministry of Finance is conducting a comprehensive review and assessment of the Personal Income Tax Law, which includes the consideration of family circumstance deductions.
Reference exchange rate going down at weeks beginning

Reference exchange rate going down at week’s beginning

On September 9, the State Bank of Việt Nam set the daily reference exchange rate for the US dollar at VNĐ24,177, down VNĐ25 from September 6.
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.