Many banks gain big profits from foreign exchange trading

Friday, Aug 02, 2024

Some banks even recorded strong three-digit growth or switched from loss to a large profit due to Forex.

Việt Nam doesn’t manipulate currency: US Treasury

Monday, Jun 24, 2024

Việt Nam did not manipulate the rate of exchange between the Vietnamese đồng and the US dollar for purposes of preventing effective balance of payments adjustments, or gaining unfair competitive advantage in international trade in the four quarters through December...

Some banks forecast to improve NIM

Friday, Dec 15, 2023

In a recent report on the banking industry, VNDirect Securities Company said the average NIM ratio of 25 listed banks in the third quarter of 2023 was 3.32 per cent, a decrease of 0.47 per cent over the same period...

Dollar devalues against đồng, dropping below VNĐ24,000 threshold

Wednesday, Nov 22, 2023

The dollar price listed at commercial banks has continuously gone down in recent days.

Govt plans to issue bonds in foreign currency

Monday, Nov 29, 2021

The Government plans to issue US dollar-denominated bonds in the domestic market to fund additional stimulus packages to foster the recovery of the economy.

Vietnamese currency forecast to strengthen against US dollar in 2021

Monday, Oct 11, 2021

Fitch Solutions have revised its 2021 average forecast for the Vietnamese dong to VND22,900 per US dollar from VND23,000 per US dollar previously and VND22,800 per US dollar from VND23,200 per US dollar in 2022 as the central bank tolerates...

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.

Vietnamese currency more stable than other regional peers

Thursday, Mar 26, 2020

Though the unofficial value of the Vietnamese dong is now down about 3 per cent against the US dollar, the rate is still a smaller depreciation than that seen by most of Viet Nam’s regional peers and expected to stabilise...

US dollar demands keep stable in local market

Tuesday, Mar 24, 2020

The US dollar listed at commercial banks has so far this year gained 1.67 per cent against the Vietnamese đồng due to a rise in the global market, but supply and demand for the greenback in the domestic market has remained stable.

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.

Vietnamese currency under bigger pressure in 2020

Tuesday, Jan 21, 2020

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.

Forex rate forecast to remain stable till year-end

Wednesday, Oct 30, 2019

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020,

Firms advised to use derivative tools to minimise forex risks

Thursday, Oct 03, 2019

Experts suggested firms use more derivative instruments to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.

Yuan price reduction affects on local industry: experts

Wednesday, Aug 14, 2019

The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Viet Nam’s yarn industry, according to Viet Nam Textile and Apparel Association.

Dong weakened slightly against the US dollar in H1 2019

Tuesday, Jul 02, 2019

The Vietnamese dong has gained some strength against the US dollar in the past month, helped by abundant domestic supply and favourable global conditions.