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Vietnam responds well to global changes in 2022

2022 has been a year of uncertainty for the world, including Vietnam. However, flexible policies applied by Vietnam have helped it stabilize the exchange rate and inflation rate.

Central bank raises selling price of USD to VND24,870

The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by 490 VND to 24,870 VND per USD - the highest rise in many years.

Business face obstacles as forex market heats up

The escalation of the US dollar reaching a record high of more than VND24,500 in recent times is anticipated to cause numerous challenges for Vietnamese firms due to the risk of exchange rate differences, according to insiders.

Adjustment of the VND's daily trading has certain effect on production

The State Bank of Vietnam decided to widen the USD/VND spot exchange rate band from +/-3 percent to +/-5 percent effective from October 17 continued to put pressure on the Vietnam dong to depreciate and the US dollar to appreciate.

US dollar at commercial banks surges to VND24,200 per dollar

The State Bank of Vietnam today continued to set the exchange rate for the US dollar up VND17 to VND23,497 per US dollar.

How will the US FED's interest rate hike affect the Vietnamese dong?

The Vietnamese dong may lose 4 percent of its value against the USD in 2022, while the deposit interest rate is predicted to lose 30-50 points after the US FED’s move and SBV’s first policy responses.

Will ample supply ease exchange rate tension?

What came as a surprise is that after two stressful weeks, the foreign exchange rate on August 29 showed signs of stabilizing though the U.S. dollar climbed further on global markets.

Vietnam vows to control inflation, prevent VND from depreciating

Experts have given many noteworthy recommendations for Vietnam’s economy, with emphasis on the need to ensure the stability of the dong/dollar exchange rate.

VN State Bank raises selling price of USD to VND23,700

The State Bank of Vietnam (SBV) decided to sharply increase the selling price of the US dollar by 300 VND to 23,700 VND/USD on September 7.

A tall order

The Vietnamese dong currency remains remarkably stable while other currencies are sliding against the U.S. dollar. This situation makes foreign exchange rate management increasingly difficult. Foreign exchange rate under pressure.

Importers, exporters impacted by exchange rate volatility

The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade (MoIT).

State Bank of Vietnam faces pressure on exchange rate

The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate

Central bank sells greenback to stabilise forex market

The State Bank of Vietnam (SBV) has so far this year sold about 12-13 billion USD to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).

Yen depreciation hits 24-year low, reducing Vietnamese guest workers' incomes

The Japanese yen has been depreciating recently, causing Vietnamese guest workers’ incomes to shrink.

US dollar climbs to 20-year high, central bank takes action

The US Dollar Index (DXY) at 9.15 pm on July 5 (Vietnam time) surged to 106.5 points, a 20-year high in the history of the greenback. The State Bank of Vietnam (SBV) has begun taking action.

Vietnam dong increases unexpectedly against US dollar

The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. It is now to be seen whether this trend will continue in the coming year or not.

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.

Flexible, cautious monetary policy management bears fruit

Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.

Inflation not a concern, USD depreciates, capital remains cheap

Capital has become very cheap with the Vietnam dong interest rates in the interbank market having fallen to a four-year record low, according to the Vietnam Interbank Market Research Association.

Vietnam sees positive cash flow from foreign investors

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.