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Foreign exchange market
Update news Foreign exchange market
Foreign currency market stabilised following central bank’s intervention
The US dollar on March 25 depreciated against the Vietnamese dong after the State Bank of Vietnam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.
Vietnam’s foreign reserves surge 2.5 times from 2015’s figure
Vietnam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.
Several positive factors keep dong steady against greenback
The foreign exchange market is witnessing an unusual phenomenon: the dong is not just steady against the US dollar but also 0.16 per cent up from its rate at the end of late 2018.
VND slumps to lowest level against USD in 2016
VietNamNet Bridge – On Monday the dong slid by VND100 against the US dollar to VND22,460, the lowest level this year.
BUSINESS IN BRIEF 16/6
Vietnamese market attracts multinational groups; Foreign firms boost trade promotion in Vietnam; Foreign exchange market to be stabilised; Billion dollar projects awaken central region; Vietnam to sell 30,000 tonnes of rice to Iraq
Central bank calms foreign exchange market
VietNamNet Bridge – During the last two weeks the domestic foreign exchange market saw continuous fluctuations in the forex rate between the dong and US dollar,
