Vietnam dong

Update news Vietnam dong

Illegal cryptocurrency exchanges turn investors into debtors

All foreign exchange (forex) trading activities in Vietnam are illegal as the authorities have not issued license for any forex trading floor.

Vietnam will not use exchange rate as tool to boost exports: central bank

The central bank believes that for an open economy like Vietnam, the sharp devaluation of the local currency will not help boost exports, but will do more harm than good.

Industrial conglomerates leave China, head for Vietnam

Foxconn (Taiwan), TLC and Lenovo (China), Hanwa (South Korea) and Yokowo (Japan) are relocating their factories to Vietnam as a shelter from the ‘storm’ of the US-China trade war.

Yuan price reduction affects on VN industry: experts

The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Viet Nam’s yarn industry, according to Viet Nam Textile and Apparel Association.


China yuan depreciation puts VND under pressure: experts

A currency war could break out among a number of countries, Nguyen Tri Hieu, a finance expert told the press recently.

VND to weaken slightly for rest of 2019

The Vietnamese dong (VND) will weaken only slightly during the remaining months of 2019, with the 2019 average predicted to slide to VND23,300/USD, from the previous forecast of VND23,440/USD.

The Dong re-appreciation: A predicted scenario

In recent days, the U.S. dollar/dong exchange rate has continuously declined on both the official and the free markets after a strong rise in April and May.


Vietnam Dong, among most stable in Asia this year: experts

 The Vietnam Dong (VND) is among the most stable currencies in Asia this year, said the US-based Bloomberg News.