Vietnam central bank runs flexible monetary policy in 2022

Vietnam central bank runs flexible monetary policy in 2022

The State Bank of Vietnam has managed monetary policy in a flexible manner to curb inflation and stabilize the monetary and foreign exchange markets in 2022, a year of global fluctuations.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s 2022 CPI rises 3.15%, retail sales up 19.8%

Vietnam’s 2022 CPI rises 3.15%, retail sales up 19.8%

Vietnam's consumer price index (CPI) in 2022 increased 3.15% year-on-year while retail sales of goods and services rose 19.8%, according to the General Statistics Office.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar drops below VND24,000 on Vietnam free market

US dollar drops below VND24,000 on Vietnam free market

The buying-selling prices of the U.S. dollar in Vietnam plunged Tuesday, even below the VND24,000 milestone on the free market, after the central bank reduced the central exchange rate by VND2 to VND23,624.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

China’s re-opening will only modestly boost Vietnam’s 2023 GDP growth

China’s re-opening will only modestly boost Vietnam’s 2023 GDP growth

VinaCapital’s chief economist Michael Kokalari explains why the Vietnamese economy would not see a major impact from China’s 2023 re-opening.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

U.S dollar drops at Vietnamese commercial banks

U.S dollar drops at Vietnamese commercial banks

The buying-selling prices of the U.S. dollar at Vietnamese commercial banks plunged on Wednesday, even below VND24,000, as the central bank raised its credit expansion limit for the banking system from 14% to 15.5-16%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam manufacturing sector falls into decline: S&P Global

Vietnam manufacturing sector falls into decline: S&P Global

Weakening global economic conditions have dragged down Vietnam’s production sector, ending a 13-month period of expansion, according to S&P Global.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar remains in downward trend

US dollar remains in downward trend

The U.S. dollar on Monday weakened against the Vietnamese dong at commercial banks, but gained a little on the free market.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gaining US dollar nears VND25,400 in open market

Gaining US dollar nears VND25,400 in open market

The rising U.S. dollar was sold at VND25,370 on Tuesday afternoon in the open market in Hanoi, a new record high.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar crosses 25,000 dong for the first time

US dollar crosses 25,000 dong for the first time

The U.S. dollar has not paused gaining against the Vietnamese dong, with Thursday’s open-market rate higher than VND25,000 for the first time ever.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar keeps rallying in Vietnam

Dollar keeps rallying in Vietnam

The gaining U.S. dollar gets stronger Wednesday against the Vietnamese dong compared with Tuesday, with an additional VND100 or more to the uptrend.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar at new high against dong as trading band widens

Dollar at new high against dong as trading band widens

The U.S. dollar rose to a new high against the Vietnamese dong Tuesday as the State Bank of Vietnam (SBV) enlarged the foreign currency’s trading band to 5% from 3%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central bank expands dollar trading band to 5%

Central bank expands dollar trading band to 5%

The State Bank of Vietnam widened Monday the USD/VND daily trading band to 5% from the previous 3%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese dong weakens less against US dollar than other currencies

Vietnamese dong weakens less against US dollar than other currencies

The Vietnamese dong has so far this year fallen about 4% against the U.S. dollar, according to the State Bank of Vietnam, but the depreciation is smaller than popular currencies worldwide.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar surges to new peak after week of record highs

US dollar surges to new peak after week of record highs

The U.S. dollar has climbed higher after a week of continuous hikes, further exceeding VND24,000 at Vietnamese commercial banks.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar scales record high peak of VND24,000

US dollar scales record high peak of VND24,000

The exchange rate at Vietnamese commercial banks crossed VND24,000 per dollar Thursday, reaching a new peak that it had not scaled before.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar up again after slight drop

Dollar up again after slight drop

The U.S. dollar at commercial banks has risen against the Vietnamese dong after a slight decrease late last week.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Corporate bond market collapse unlikely: experts

Corporate bond market collapse unlikely: experts

Bond default risk in Vietnam is still low, Vietnamese experts said Tuesday amid fears of a corporate bond market collapse.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam interbank lending rates hit 10-year high

Vietnam interbank lending rates hit 10-year high

Interbank lending interest rates in Vietnam have reached a 10-year peak, following the State Bank’s moves to stabilize the USD/VND exchange rate.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar in Vietnam hits 2.5-year high

Dollar in Vietnam hits 2.5-year high

The dollar has notched a two-year peak against the Vietnamese dong, following the country’s increasing central rates.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central bank’s two-pronged attack stabilizes money market

Central bank’s two-pronged attack stabilizes money market

The State Bank of Vietnam has kept selling U.S. dollars to keep the domestic forex market stable while issuing bills in Vietnamese dong to ease pressures on the banking system.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar uptrend maintains momentum in Vietnam

Dollar uptrend maintains momentum in Vietnam

The Vietnamese currency has been falling against the U.S. dollar as the greenback is strengthening globally.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar down to monthly lowest in Vietnam

Dollar down to monthly lowest in Vietnam

U.S. dollar prices on the unofficial market in Vietnam have dropped to below VND24,000, the lowest in a month.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shinhan Bank predicts stronger VND by year-end

Shinhan Bank predicts stronger VND by year-end

The U.S. dollar is likely to rise against the Vietnamese dong early in the second half of the year and fall back towards the year-end, according to Shinhan Bank.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Global uncertainty sees dollar climb in Vietnam

Global uncertainty sees dollar climb in Vietnam

The U.S. dollar has been gaining over the Vietnamese dong amid global economic uncertainty.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7