foreign exchange rate

Update news foreign exchange rate

Vietnamese currency under bigger pressure in 2020

After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.

Dollar price fluctuates despite SBV’s exchange-rate adjustment

The dollar price continued to fluctuate after the State Bank devalued the dong by one percent earlier this month. Meanwhile, the State Bank said there would be no further dong/dollar exchange rate adjustment this year.

Dollar drain threatens Vietnam’s monetary security

VietNamNet Bridge – The movement of a large amount of money offshore Vietnam over a short time could threaten the country’s monetary security, an expert has said.

BUSINESS IN BRIEF 8/1

Banks increase foreign exchange rate; Vietnam expects to manufacture 200,000 automobiles in 2015; Oil import tax raised as global prices fall; Government adopts Vinamotor’s state capital sale; Vietnam manufacturing PMI peaks for eight months

BUSINESS IN BRIEF 9/10

 Foreign exchange rate remains unchanged, says SBV; HSBC: Vietnam’s PMI goes up in September; Garment exports to hit US$25 bln for 2014; Inflation holds steady in first nine months

Forex rate adjustment likely for early 2014

VietNamNet Bridge – The foreign exchange rate between the Vietnamese dong and US dollar is likely to be increased by one percentage point in early 2014, according to the Business Times.