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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.
Mixed opinions on the increase in the lending rate for social housing buyers

Mixed opinions on the increase in the lending rate for social housing buyers

Việt Nam Bank for Social Policies has announced that the lending rate for social housing purchases and home repairs is increasing from 4.8 per cent to 6.6 per cent per year, applied on both existing and new loans.
MoF proposes lower tax rate for micro and small enterprises

MoF proposes lower tax rate for micro and small enterprises

In supporting micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the tax rate to 15-17 per cent for those with a total revenue of no more than VND50 billion, instead...
HCM City to offer interest rate subsidies for priority projects

HCM City to offer interest rate subsidies for priority projects

The HCM City People Committee has decided to give interest rate subsidies for loans for priority projects to bolster the city’s socio-economic growth.
Lending rate for social housing buyers proposed to be 3-5 percentage points lower

Lending rate for social housing buyers proposed to be 3-5 percentage points lower

The Ministry of Construction has agreed with the State Bank of Việt Nam’s proposal to offer preferential lending rates for homebuyers who borrow from the VNĐ120 trillion social housing credit package.
Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011.