exchange rate

Update news exchange 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.

10 outstanding events in the banking sector in 2016

VietNamNet Bridge - Le Minh Hung, the youngest governor in the history of the banking sector, took office in April 2016.

Securities investments bring high profits in 2016

The VN Index has increased by nearly 15 percent this year, while investments in gold, bank deposits, real estate and the US dollar brought a profitability ratio of less than 10 percent.

Overseas remittances dip after Trump elected US president

VietNamNet Bridge - The estimated overseas remittance to Vietnam in 2016 is expected to be roughly $5 billion, or 10 percent lower than the forecast of $5.5 billion. 

Foreign exchange market: bumpy ride in next few months

VietNamNet Bridge - The dong/dollar exchange rate unexpectedly fluctuated in late October with the official rate quoted on October 29 at VND22,045 per dollar, an increase of VND26 per dollar compared with one week before and VND96 with September. 

Exchange market peaceful, stable exchange rate beneficial to economy

VietNamNet Bridge - The exchange market has been more peaceful than ever in the last 10 months with excess liquidity, stable exchange rates and record-high foreign exchange reserves.

Where is the money?

VietNamNet Bridge - Banks’ liquidity is strong, government bonds have been selling well, and bank interest rates and the dong/dollar exchange rate remain stable. However, the growth rate of the economy has been slowing. 

Gold price fluctuations cause mad rush among investors

VietNamNet Bridge - The gold price recently soared by millions of dong per tael within one day and then plummeted the next day, shocking gold investors. 

Vietnamese businesses incur losses because of yen appreciation

VietNamNet Bridge - The sharp increase of the Japanese yen has caused losses for Vietnamese businesses.

No investment channel can bring positive profit: economist

VietNamNet Bridge - The asset bubble due to massive capital inflow has brought disadvantages to Vietnam economy over the last decade, according to Dr Huynh The Du, director of the Fulbright Economics Teaching Program (FETP).

Circular on start-ups, venture capital coming

The Ministry of Planning and Investment was drafting a circular on a venture capital funds to create a legal framework for promoting start-ups and making Viet Nam a start-up nation.