Due to the unusual fluctuations in gold prices, gold trading enterprises expanded the gap between buying and selling prices to nearly VND2.6 million per tael (1.2 ounces) on July 19.

If the strong rally of the U.S. dollar continues in global markets, it will inevitably pose multiple challenges for the foreign exchange market at home,

For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.

The State Bank of Vietnam has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market.

 VietNamNet Bridge – The domestic foreign exchange market on Thursday, Dec 17, remained relatively stable after the United States (US) Federal Reserve raised its benchmark interest rate by a quarter of a percentage point.

 VietNamNet Bridge – As the greenback has been soaring against the dong in recent weeks, financial commentators have suggested this may be a result of dollar speculation in the forex market.

The State Bank of Viet Nam has said that it would closely monitor exchange rate movements and balance of payment figures to manage the rate in a manner that would encourage dong holdings and limit shifting to US dollar holdings.