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.
The exchange rate between the dong and the US dollar will be stable and end at VND22,900 per US dollar by the end of 2018, predicts Ngo DangKhoa, head of Global Markets, HSBC Bank Viet Nam.
Some commercial banks appreciated the US dollar after last week’s interest rate hike by the US Federal Reserve (Fed). Experts, however, have said the exchange rate between the US dollar and Vietnamese dong is likely to remain relatively stable throughout...
The exchange rate between the Vietnamese dong and US dollar is likely to
continue rising in the remaining months of the year, but it would still
be under the control of the State Bank of Viet Nam, according to a
source from the...