Exchange rate fluctuations bring huge profits to many banks

Monday, Nov 18, 2024

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.

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

Thursday, Nov 07, 2024

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.

Central bank works to raise interbank rates and ease forex market

Monday, Jul 01, 2024

The State Bank of Vietnam (SBV) has shortened terms and kept interest rate of its bills unchanged to increase the attractiveness of the bill channel.

Businesses concerned about rising exchange rate pressure

Wednesday, Apr 24, 2024

The sharp increase in the dollar price has caused many domestic companies to face difficulties.

USD/VNĐ exchange rate surges in first month of 2024

Wednesday, Jan 31, 2024

The State Bank of Vietnam (SBV)’s central rate of the Vietnamese đồng against the US dollar was adjusted up 0.7 per cent in January 2024 to VNĐ24,036 per dollar.

Forex eases thanks to better economic outlook, Fed’s unchanged rates

Thursday, Nov 16, 2023

The reference exchange rate between the Vietnamese đồng and the US dollar announced by the State Bank of Việt Nam (SBV) at the last trading session of last week decreased by VNĐ50 compared to the beginning of the week.

USD/VNĐ exchange rate keeps stable despite SBV’s different policies

Monday, Aug 14, 2023

Despite the difference in policies of the State Bank of Vietnam (SBV) and the US Federal Reserve (Fed), the USD/VNĐ exchange rate has remained stable to date thanks to a trade surplus and a bright economic outlook of Việt Nam.

Exchange rate forecast to remain stable in H2 2023

Monday, Jun 26, 2023

The period of strong volatility of the US dollar has ended, and the USD/VND exchange rate in the last six months of 2023 will remain stable.

Policy rate hike unavoidable to curb exchange rate, inflation risks

Monday, Oct 31, 2022

Though the State Bank of Viet Nam (SBV) has hiked interest rates twice in a month, experts agreed the SBV has no other choice but to take strong measures to curb upward pressure on the USD/VND exchange rate and inflation.

Central bank reduces intervention on OMO

Monday, Aug 15, 2022

The open market operations (OMO) have been more stable this month after the State Bank of Vietnam (SBV) reduced its intervention in the market.

Firms with greenback loans see more positive outlook in Q2 2020

Thursday, Jun 18, 2020

Firms with US dollar-denominated debts estimate to regain significantly in the Q2 as the US dollar has devalued against the Vietnamese dong in the period after reporting a surge in the first quarter.

Global volatilities cause Vietnamese currency to depreciate

Tuesday, Feb 04, 2020

After a long period of stability, pressure from global markets has caused the Vietnamese dong to depreciate significantly against the US dollar in the past few days.

Viet Nam’s foreign reserves hit record high $68 billion

Wednesday, Jul 24, 2019

The sufficient foreign reserves have been a key source to help the central bank stabilise the USD/VND exchange rate.

USD/VND rate remains under control in 2018

Saturday, Dec 29, 2018

Commercial banks have consecutively lowered the value of the US dollar against the Vietnamese dong during the final days of 2018, helping the USD/VND exchange rate close the year under control.

Reference exchange rate down on week’s beginning

Monday, Apr 16, 2018

The State Bank of Vietnam set the daily reference exchange rate at 22,487 VND/USD on the first day of the week (April 16), down 5 VND from the last day of previous week (April 13).