Update news USD

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.

China's prolonged falling yuan may harm Vietnam's trade

China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase.

Dollar rises after forex rate change

 The State Bank of Viet Nam weakened the Vietnamese dong by 1 per cent, raising the US$-VND daily reference rate from VND21,246 to VND21,458.

VND/USD exchange rate to fluctuate no more than 2% in 2015

 VietNamNet Bridge – The State Bank of Vietnam will continue to pursue its current dong/dollar exchange rate stabilization policy in 2015. Vietnamese dong depreciation, if it occurs, will not be higher than two percent.

State Bank sold $1.5 billion to stabilize dong value

 VietNamNet Bridge – The State Bank of Vietnam (SBV) has sold dollars to commercial banks in an effort to stabilize the dong/dollar exchange rate amid the year-end dollar demand increase.

Dong stable despite US dollar hike, uncertainties in Hong Kong

 VietNamNet Bridge – The US dollar price in Vietnam has increased slightly, but this is not alarming as demand has always increased in the third quarter of the year.  

Central bank to slash USD interest rate, raise confidence on VND

The State Bank of Vietnam said it will slash the deposit dollar interest rates. However, it would keep cautious steps when deciding when and how much to slash the interest rates in order to ensure the liquidity for the banking system.

Dong/dollar exchange rate to cool down in July

 VietNamNet Bridge – The dollar price has been increasing these days because of the slight demand increase. However, the dong/dollar exchange rate is believed to get stabilized by early July 2013.