exchange rate

Latest News about exchange rate

Vietnam applauds positive adjustment in US Treasury Department’s reporticon
BUSINESS18/04/20210

Vietnam applauds positive adjustment in US Treasury Department’s report

The US Treasury has removed Vietnam  from the list of countries labeled as currency manipulators.

 
Vietnam sees positive cash flow from foreign investorsicon

Vietnam sees positive cash flow from foreign investors

BUSINESS
02/07/2020

The dollar price has decreased since the second half of March, with the dong/dollar exchange rate in the interbank market falling to VND23,200 per dollar last week.

The VND appreciates despite unfavorable conditionsicon

The VND appreciates despite unfavorable conditions

BUSINESS
07/06/2020

The dollar price has decreased significantly from VND23,500 per dollar to VND23,300, though current factors are not supporting the exchange rate. This could be a great opportunity for Vietnam’s enterprises.

Greenback cools, pressure on VND/USD exchange rate easesicon

Greenback cools, pressure on VND/USD exchange rate eases

BUSINESS
08/05/2020

As the dollar price has decreased in the international market, the official exchange rate announced by the State Bank of Vietnam (SBV) and dollar market price have also decreased slightly.

Where should investors put money in during the Covid-19 period?icon

Where should investors put money in during the Covid-19 period?

BUSINESS
29/04/2020

Experts say investors should target investment channels with high liquidity such as savings accounts, gold and dollars, and wait patiently for opportunities with stocks.

Will foreign investors’ capital withdrawal put pressure on the exchange rate?icon

Will foreign investors’ capital withdrawal put pressure on the exchange rate?

BUSINESS
15/04/2020

Explaining the appreciation of the US dollar recently, Nguyen Duc Do from the Finance Academy said that in the current uncertainty, investors have sold their assets and sought shelter in the dollar. 

Weaker VND expected to affect FDI in 2020icon

Weaker VND expected to affect FDI in 2020

BUSINESS
05/04/2020

The VND is predicted to lose 1.2 percent of its value in 2020, which will put Vietnam at a disadvantage in attracting FDI.

Why has the US dollar price escalated?icon

Why has the US dollar price escalated?

BUSINESS
01/04/2020

The US dollar price has been increasing sharply over the last two weeks. 

Where are Vietnamese people investing their money?icon

Where are Vietnamese people investing their money?

BUSINESS
16/03/2020

Depositing money at banks is prefered by most people who have idle money. However, it is now less attractive than corporate bonds and gold.

How will exchange rate and interest rate be affected amid Covid-19 outbreak?icon

How will exchange rate and interest rate be affected amid Covid-19 outbreak?

BUSINESS
19/02/2020

SSI Research says the financial market in 2020 will be unpredictable and much less active than the forecasts released at the end of 2019.

Vietnam will not use exchange rate as a tool to boost trade: SBVicon

Vietnam will not use exchange rate as a tool to boost trade: SBV

BUSINESS
10/02/2020

The State Bank of Vietnam (SBV) has many times affirmed that Vietnam has no intention of devaluing the local currency to gain advantages in trade with its partners.

Dollar price rises, investors seek shelter amid coronavirus outbreakicon

Dollar price rises, investors seek shelter amid coronavirus outbreak

BUSINESS
09/02/2020

The official dong/dollar exchange rate announced by SBV reached a peak of VND23,206 per dollar on February 4, an increase of VND36 per dollar compared with the time before Tet.

Vietnam faces exchange rate risks when importing electricityicon

Vietnam faces exchange rate risks when importing electricity

BUSINESS
03/02/2020

Vietnam plans to buy more electricity from neighbouring countries, but a big loss of VND3.09 trillion is pending.

New decade of growth built on diligent and smart workicon

New decade of growth built on diligent and smart work

BUSINESS
28/01/2020

As one of the fastest-growing economies, Vietnam still needs to reduce regulatory burdens and promote economic integration to achieve the country’s sustainable development goals through 2030.

Vietnam on US watchlist for currency manipulationicon

Vietnam on US watchlist for currency manipulation

BUSINESS
21/01/2020

Vietnam is one of 10 countries in the latest watchlist for currency manipulation released by the US Treasury Department.

VND to average slightly weaker in 2020  ​icon

VND to average slightly weaker in 2020 ​

BUSINESS
19/01/2020

The Vietnamese dong (VND) would average just slightly weaker by around 1 percent to VND23,475/USD in 2020 due mainly to an predicted decrease in foreign direct investment (FDI) inflows and higher imports.

The picture of Vietnam's banking sector in 2019icon

The picture of Vietnam's banking sector in 2019

BUSINESS
25/12/2019

The BIDV’s sale of shares to South Korean investor, the technology upgrading race among banks and a series of moves taken by the central bank are the highlights of 2019.

Vietnam receives record-high foreign currency influx in 2019icon

Vietnam receives record-high foreign currency influx in 2019

BUSINESS
20/12/2019

The State Bank of Vietnam (SBV) bought a record high amount of foreign currencies this year. The same is expected in 2020.