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Vietnamese đồng

Many banks gain big profits from foreign exchange trading

Many banks gain big profits from foreign exchange trading

Some banks even recorded strong three-digit growth or switched from loss to a large profit due to Forex.
Việt Nam doesnt manipulate currency: US Treasury

Việt Nam doesn’t manipulate currency: US Treasury

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...
Is Vietnamese đồngs depreciation worth worrying?

Is Vietnamese đồng’s depreciation worth worrying?

As Việt Nam navigates the global economic headwinds, the complex challenge that the SBV is grappling with is maintaining the relative stability of exchange rate while upporting the economic growth – a priority in Việt Nam''s economic policy.
US dollar continues gaining against VNĐ, hitting exchange ceiling

US dollar continues gaining against VNĐ, hitting exchange ceiling

The exchange rates offered by the major banks have all hit the prescribed ceiling.
Dollar price surge on unofficial channel doesnt affect VN foreign currency market

Dollar price surge on unofficial channel doesn’t affect VN foreign currency market

The dollar price has remained above the VNĐ25,000 mark since mid-February this year and has shown no signs of cooling down.
Dollar devalues against đồng, dropping below VNĐ24,000 threshold

Dollar devalues against đồng, dropping below VNĐ24,000 threshold

The dollar price listed at commercial banks has continuously gone down in recent days.
Vietnamese dong one of most stable currencies in Asia: Experts

Vietnamese dong one of most stable currencies in Asia: Experts

The United Overseas Bank (UOB) rated the Viet Nam dong as one of the most stable currencies in Asia, despite significant changes in the Fed''s interest rate hike expectations as well as concerns about a global recession and instability of...
Central bank works to increase attractiveness of holding domestic currency

Central bank works to increase attractiveness of holding domestic currency

The State Bank of Viet Nam (SBV) has withdrawn a significant amount of money out of the banking system with an aim to increase the interest rate of the Vietnamese dong.
Improved forex market helps central bank buy greenback

Improved forex market helps central bank buy greenback

At a press conference to implement works of the banking industry in 2023 held on Tuesday, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said the devaluation rate of the đồng was lower than that of...
Exporters advised to minimise headwinds of currency volatility

Exporters advised to minimise headwinds of currency volatility

Domestic exporters should pay attention to the exchange rate between the Vietnamese dong and other currencies to enable them to choose the most profitable ex-import markets and payment currencies.
Stability of Vietnamese dong under pressure of global headwinds

Stability of Vietnamese dong under pressure of global headwinds

Global central banks are in a dash to raise interest rates to cool rampant high inflation and their moves are challenging the State Bank of Viet Nam’s policymaking in a way to support the economic recovery while sustaining macroeconomic sustainability.
Real estate businesses return to the bond channel

Real estate businesses return to the bond channel

Many real estate businesses have returned to the bond channel to raise capital after the absence in April, mobilising thousands of billions of Vietnamese dong.
Central bank sells US dollar forward for first time since 2018

Central bank sells US dollar forward for first time since 2018

The State Bank of Vietnam (SBV) has recently sold US dollar forward for the first time since 2018 to support the liquidity of the foreign exchange market.
US, VN reach deal on valuations of the dong

US, VN reach deal on valuations of the dong

Viet Nam has pledged not to manipulate its exchange rate in order to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese dong.
Deposit interest rate proposed to gradually lower to 0%

Deposit interest rate proposed to gradually lower to 0%

The Vietnam Association of Financial Investors (VAFI) on Tuesday proposed gradually lowering the Vietnamese dong deposit interest rate to zero per cent.