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.
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.
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...
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...
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.
The foreign exchange rate has significantly fluctuated recently but experts forecast the rate in the remaining months of 2023 will not be under great pressure as in 2022.
The State Bank of Viet Nam (SBV) might not increase its policy interest rate in the first quarter of 2023 after the US Federal Reserve (Fed) raised its rate by only 25 basis points last week while the Vietnamese dong...
After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under bigger pressure due to both internal and external headwinds.
Interest rates for deposits and loans and bond yields have remained relatively steady since the end of January, as inflation is under control and foreign exchange rate is stable.
The United States Federal Reserve (Fed)''s interest rate hike expected this month is unlikely to have any significant impact on Viet Nam''s foreign exchange rate, experts said.
Viet Nam has succeeded in stabilising the foreign exchange rate, but the
rate of dollarisation has not decreased as expected, experts said in a
meeting on Monday.
The foreign exchange rate between Vietnamese dong and the US dollar
rose to its highest level since June 30 yesterday, hitting VND21,380 to
the dollar amid soaring demand from enterprises near the end of the
year.