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Vietnam’s producers meet difficulties as yuan weakens.

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?

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.

Macroeconomic indexes support VND: experts

VietNamNet Bridge - The US FED’s ‘less hawkish policy’ on raising interest rate has affected the exchange rate for the Vietnamese dong this year.

Despite a ban, US dollar transactions common in Vietnam

The ‘free’ foreign currency market has operated for many years. People go to gold shops to buy and sell dollars every day, even though the transactions are illegal.

Can Vietnam resist the global monetary crisis?

VietNamNet Bridge - Turkey, Argentina and other countries have recently witnessed their local currencies depreciating dramatically against dollars. How about Vietnam?

Will VND lose 3 percent of its value in 2018?

The depreciation of the Chinese yuan against the dollar has raised concerns that Vietnam’s goods will become less competitive in comparison with Chinese goods if Vietnam does not devalue its currency.

Business continue to worry about exchange rate fluctuations

VietNamNet Bridge - The currencies of many countries have depreciated sharply against the dollar, thus affecting the competitiveness of Vietnam’s goods.

Fighting against dollarization will help stabilize exchange rate: experts

Experts have urged the government to stop accepting deposits in US dollars from the public, saying that this is a necessary to stabilize the forex market and exchange rate, and fight against dollarization.

Banks refuse to buy US dollars from central bank

A senior official of the State Bank of Vietnam (SBV) on July 4 told Thoi Bao Kinh Te Vietnam that commercial banks had not registered to buy dollars at preferential prices from SBV.

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.

Vietnam should prepare for US Fed’s rising prime interest rate

The US Federal Reserve may adjust the prime interest rate once more, according to Can Van Luc, chief economist of the Bank for Investment & Development of Vietnam (BIDV).

USD appreciation feared to rouse inflation

VietNamNet Bridge - The silence of the forex market in 2017 has been broken as the USD appreciated right after the Tet holiday.

Overseas remittances revive, $10 billion to Vietnam in 2017

VietNamNet Bridge - Contrary to all predictions, overseas remittances to Vietnam in 2017 increased by 10.4 percent, estimated at over $10 billion.

Vietnam’s trade surplus hits US$2.7 billion in 2017

Vietnam maintained a trade surplus of about US$2.7 billion this year, the same figure as 2016, according to the General Statistics Office (GSO).

Vietnam receives strong foreign portfolio investment flow

More than VND33.5 trillion ($1.4 billion) worth of foreign portfolio investment (FPI) in both stocks and bonds were poured into Vietnam in the last three quarters of the year. 

Vietnam’s forex reserves climb to record high

Vietnam needs a gradual sustainable increase in forex reserves, rather than a shocking increase as seen in the last two years, according to analysts. 

Drop in overseas remittances cause concerns for Vietnam

VietNamNet Bridge - The decline in remittances in 2016 and the slowdown in the first half of this year has caused concern among economists.

Gov’t urges mobilisation of idle gold

The Government Office last week sent a written document to the central bank governor, referring to the mobilisation of idle gold and foreign currency sources from the people.

Which investment channel can bring the highest profit?

Bank deposit interest rates are on the rise. The VN Index has surpassed the 700 point threshold. The real estate market is warming up. Meanwhile, gold and dollar prices are unpredictable.

Vietnam's economic challenges in 2017

VietNamNet Bridge - Vietnam economy will encounter more difficulties in 2017 than in 2016 amid global geopolitical changes and financial uncertainties, experts say.