Tags

foreign exchange market

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.
SBV turns on mood for market intervention to stabilise exchange rates

SBV turns on mood for market intervention to stabilise exchange rates

The global political and economic situations have caused the currencies of many countries to depreciate significantly, including those of strong economies, by around 3-9 per cent. Việt Nam is no exception with the Vietnamese đồng losing 4.9 per cent against...
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.
Foreign currency market eases following central banks intervention

Foreign currency market eases following central bank’s intervention

The US dollar on Wednesday depreciated against the Vietnamese dong after the State Bank of Viet Nam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.
Several positive factors keep đồng steady against greenback

Several positive factors keep đồng steady against greenback

The foreign exchange market is witnessing an unusual phenomenon: the dong is not just steady against the US dollar but also 0.16 per cent up from its rate at the end of late 2018.
Central bank resumes dollar purchases to build up foreign reserve

Central bank resumes dollar purchases to build up foreign reserve

The State Bank of Viet Nam (SBV) has resumed the purchase of US dollars from commercial banks after a six month break thanks to favourable conditions in the country’s foreign exchange market.
People trust banking system thanks to improved policies

People trust banking system thanks to improved policies

Improved monetary policies in the past five years have helped increase the trust of people in the banking system, a conference heard yesterday.
BIDV predicts forex market uncertainty in the long term

BIDV predicts forex market uncertainty in the long term

The foreign exchange market might face uncertainty with relatively increased pressure in the medium and long term, according to a research group of the Bank for Investment and Development of Viet Nam.
Forex rate stable after dong devaluation

Forex rate stable after dong devaluation

The foreign exchange market has stabilised after fluctuations caused by the State Bank''s recent decision to devalue the Vietnamese dong by 1 per cent, according to independent market analysts.
Central bank sells 1.1b to stabilise forex market

Central bank sells $1.1b to stabilise forex market

The State Bank of Viet Nam (SBV) has sold roughly US$1.1 billion as of December 1 to stabilise Viet Nam''s foreign exchange market.
Foreign exchange rates find stability

Foreign exchange rates find stability

Despite the slight volatility in the foreign exchange market in recent days, analysts believe that exchange rates will remain stable in the new year.
VN takes on inflation by expanding credit

VN takes on inflation by expanding credit

Viet Nam plans to cautiously expand credit growth to 12-14 per cent in a bid to facilitate companies, boost the national economic revival and tackle inflation.
Forex rate adjustment likely for early 2014

Forex rate adjustment likely for early 2014

The foreign exchange rate between the Vietnamese dong and US dollar is likely to be increased by one percentage point in early 2014, according to the Business Times.