After a long period of stability, pressure from global markets has caused the Vietnamese dong to depreciate significantly against the US dollar in the past few days.
Peacetime in sight for the VND
The dong remained fairly stable against the U.S. dollar in 2019, contrary to the forecast that it would shed its value by 2-3%.
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'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.
Vietnam's foreign currency reserves hit $68 billion in H1
The State Bank of Vietnam (SBV) has reported a foreign currency reserve amount of 68 billion USD in the first half of 2019, the highest level so far.
VND weakened slightly against the US dollar in H1 2019
The Vietnamese dong has gained some strength against the US dollar in the past month, helped by abundant domestic supply and favourable global conditions.