Update news dollar

USD continue to flow into stock market

VietNamNet Bridge - Commercial banks say that people are converting dollar into dong and investing dong in securities.

Stocks, bitcoin the most profitable investment channels in 2017

With the VN Index increasing sharply by 48 percent in 2017, stocks were the assets with the highest profitability. No other assets, except bitcoin, brought such impressive profits.

Dollar loses altitude, Asia shares at 11-week top

 The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing provided scant clarity on future fiscal policies, disappointing bulls wagering on major stimulus.

Asia stocks tepid, dollar near 14-year peak on Fed rally

The dollar stood near a 14-year peak, bond yields were highly elevated and Asian stocks struggled for traction on Friday as global markets continued adjusting to the idea of higher U.S. interest rates. 

Asian shares, dollar wobble as investors brace for Fed outcome

 Asian shares and the dollar were on tenterhooks on Tuesday as investors awaited the looming outcome of the Federal Reserve's rates review,

Dollar soars on U.S. yield gains, Asian shares wobbly

 The dollar vaulted to 13 1/2-year highs against a basket of major currencies as U.S. bond yields rose, leaving Asian stocks vulnerable to potential rotation out of emerging markets to the United States.

US dollar appreciation behind hike in dong deposit interest rate

VietNamNet Bridge - The increased demand for loans as well as the dong appreciation has increased the deposit interest rate. 

Will fewer Vietnamese hoard dollars as the price drops?

VietNamNet Bridge - The State Bank’s policies on the dollar have influenced consumers, many of whom are  not saving gold to preserve their assets. However, they continue to hold dollars.

Dollar price fluctuates despite SBV’s exchange-rate adjustment

The dollar price continued to fluctuate after the State Bank devalued the dong by one percent earlier this month. Meanwhile, the State Bank said there would be no further dong/dollar exchange rate adjustment this year.

Government plans to borrow money from nat’l foreign exchange reserves

VietNamNet Bridge - The government has instructed the State Bank of Vietnam to work with relevant ministries to design a mechanism to lend money from national foreign exchange reserves to the government to serve spending.

With US dollar revaluation, doors to Europe, Japan shut to exporters

VietNamNet Bridge - The predictions about the recovery of the global economy in 2015 have greatly cheered Vietnamese businesses, but the stronger dollar has dashed their hopes.

Dollar drain threatens Vietnam’s monetary security

VietNamNet Bridge – The movement of a large amount of money offshore Vietnam over a short time could threaten the country’s monetary security, an expert has said.

Vietnam loses $33 billion in illegal foreign-currency outflows: expert

Vietnam has witnessed a drain in foreign currencies over the years, with one expert saying that $33 billion flowed out of the country between 2008 and 2013 because of illegal transfer of funds and embezzlement.

Vietnamese economists support issuing bonds in yen

VietNamNet Bridge – Many economic experts have supported the proposal to issue Vietnam’s bonds in Japanese yen in the Japanese market.

Businesses rush to buy dollars, betting on carry-trade deals

In its report released on July 2, the Vietnam National Finance Supervision Council highlighted the sharp increase in outstanding loans in foreign currency, warning that there is pressure on foreign currency liquidity.

Dollar price hits ceiling, but exchange rate stable

 VietNamNet Bridge – The US dollar climbed to its highest peak against the Vietnamese dong yesterday morning to VND21,245 per dollar, but analysts believe that the exchange rate will stabilise.

Vietnam's foreign exchange reserves hit record $35 billion

 VietNamNet Bridge - According to the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh, this is the highest level ever. Binh also pledged that interest rates will not exceed 1% from now until year’s end.


 Vietcombank sells 2.1 billion dollars to SBV; Hanoi eases loan costs for businesses; 1.3 billion USD earmarked for resettlement in power plant; Furniture fair spurs locally made products; Real estate market faces further challenges ahead

VND depreciation won’t be sharp enough to give people a start

 VietNamNet Bridge – No one thinks that the dong would be devaluated by 2 percent by the end of the year. In general, Vietnam would need more than 3 months for such a big currency devaluation.


 Rising food costs bump up CPI in major cities; SBV restarts USD buy-back scheme; Auto show strikes upbeat note; Chinese firms to display produce; EU sends funding for local SMEs