exchange rate

Latest News about exchange rate

Vietnam central bank fighting against dollarizationicon
BUSINESS14 hours ago0

Vietnam central bank fighting against dollarization

The level of dollarization of an economy is based on the ratio of foreign currency deposits to total money supply (M2), or total deposits; and the ratio of outstanding foreign currency loans to M2, or total outstanding loans.

 
Vietnam’s forex reserves peak at $70 billionicon

Vietnam’s forex reserves peak at $70 billion

BUSINESS
29/09/2019

After two big purchases of foreign currencies in the first four months of the year and from July until now, Vietnam’s forex reserves reached the highest level, now at $70 billion.

How will the US-China currency deal affect Vietnam’s exports?icon

How will the US-China currency deal affect Vietnam’s exports?

BUSINESS
03/09/2019

Businesses are optimistic about the prospects of the two largest export markets, the US and China, after the Chinese yuan for the first time fell from the ‘red line’ since 2008 to 6,9225 yuan per dollar.

VND stable despite trade war escalationicon

VND stable despite trade war escalation

BUSINESS
03/09/2019

Most currencies have depreciated against the US dollar but the Vietnam dong value has remained stable.

VN yarn manufacturers worried about yuan depreciationicon

VN yarn manufacturers worried about yuan depreciation

BUSINESS
24/08/2019

For every one percent of the yuan depreciation against the dollar, the price of Vietnam’s yarn export to China would lose 3 US cents per kilogram, analysts estimate.

VND depreciates less than other regional currenciesicon

VND depreciates less than other regional currencies

BUSINESS
21/08/2019

The US Federal Reserve has cut the FED Funds Rate by 0.25 percentage points to 2.5 percent because of the global economic growth slowdown, the trade tensions between the US and other countries, and low inflation rate.

Foreign capital flow keeps heading for Vietnamicon

Foreign capital flow keeps heading for Vietnam

BUSINESS
26/06/2019

More and more capital has been flowing to Vietnam, having a direct impact on the dong/dollar exchange rate.

Trump suggests buying Vietnamese goods instead of Chineseicon

Trump suggests buying Vietnamese goods instead of Chinese

BUSINESS
31/05/2019

A decrease in the US’ imports from China could present a good opportunity for Vietnam to fill in the gap.

VN not to devalue local currency for commercial advantage: analysticon

VN not to devalue local currency for commercial advantage: analyst

BUSINESS
25/05/2019

International press late last week mentioned the possibility of the US adding Vietnam to the list of the countries it needs to monitor for currency manipulation.

Vietnam’s producers meet difficulties as yuan weakens.icon

Vietnam’s producers meet difficulties as yuan weakens.

BUSINESS
24/05/2019

In an effort to encourage exports in the context of the trade war, the Chinese central bank PBOC has set the yuan/US dollar reference exchange rate at 6.8365 yuan per US dollar, the lowest level since January 2019.

How will VND/USD exchange rate perform in US-China trade war?icon

How will VND/USD exchange rate perform in US-China trade war?

BUSINESS
22/05/2019

The dong/dollar exchange rate has fluctuated sharply in recent days after the US decided to impose tariff of 25 percent on $200 billion worth of imports from China.