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...
The State Bank of Viet Nam (SBV)’s Operations Centre has decided to adjust the reference exchange rate of the Vietnamese dong against the US dollar for the first time since February 2018.
The State Bank of Viet Nam (SBV) purchased roughly US$7.7 billion worth
of foreign currency for the national foreign exchange reserve in the
first quarter this year thanks to stable foreign exchange rates, SBV
Governor Nguyen Van Binh said.
Since the start of June, the Vietnamese dong has been falling against the US dollar after a long time of stability. In the afternoon of June 16, the forex rate at some gold shops in HCM
City''s District 1 was between...