dong

Update news dong

Peacetime in sight for the VND

The dong remained fairly stable against the U.S. dollar in 2019, contrary to the forecast that it would shed its value by 2-3%.

Vietnamese dong to depreciate by 3% at most in 2018: BVSC

The Vietnamese dong will not depreciate much against the US dollar in the second half of this year, so the whole year’s slide will be 3 per cent at the most, BVSC has forecast.

FED raise puts pressure on exchange rate

Exchange rates were forecast to rise slightly in the coming years as the State Bank of Vietnam (SBV) fixed interest rates for mobilised deposits at 0 per cent, following the FED’s plan to raise the USD interest rate three times in 2018.

BUSINESS IN BRIEF 5/11

 Phu Quoc Island property to shine, Transport deputy minister backs Uber and GrabTaxi, Cycle brands ready for Vietnam, VAMC cuts rates on NPLs denominated in euros, dong, Yuan adjustment yet to affect firms

Commercial banks unexpectedly lack VND

VietNamNet Bridge - The State Bank of Vietnam (SBV) has had to pump a large amount of dong through the open market operation (OMO) to ease a “dong fever” in the interbank market.

Vietnam told to keep eye on Chinese “yuan internationalization” dream

Any ODA receiver who borrows yuan from China, including Vietnam, will be at a disadvantage because of the yuan appreciation and US dollar depreciation, economists say.  

McDonald’s hamburger shows dong undervalued

 VietNamNet Bridge – The Vietnam dong is believed to be undervalued by 39 percent if compared with the US dollar.

Dollar appreciation makes businesses worried stiff

The dollar price increases have put businesses on tenterhooks, though it is now just the third quarter of the year, while they would only need more dollars in the fourth quarter to make payment for the imports.

Dong/dollar exchange rate to cool down in July

 VietNamNet Bridge – The dollar price has been increasing these days because of the slight demand increase. However, the dong/dollar exchange rate is believed to get stabilized by early July 2013.