Dollar prices hit new peak on Vietnam ‘black’ market

Dollar prices hit new peak on Vietnam ‘black’ market

Prices of the U.S. dollar on the free market reached an all-time high on Tuesday as demand for forex remains high amid rising gold prices and the country's strong import recovery.

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

Vietnam government has plan to boost economic growth

Vietnam government has plan to boost economic growth

VinaCapital’s chief economist Michael Kokalari highlights a series of measures taken by the Vietnamese government to stir growth amid global economic headwinds.

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

Investment channel expectations for 2023

Investment channel expectations for 2023

Stocks, gold, and real estate in Vietnam will probably be sound channels for investors this year amid current global economic headwinds, but improving portfolios to minimize risks is advisable, a business roundtable on Tuesday heard.

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

Vietnam foreign exchange reserves could hit $102 bln in 2023: securities broker

Vietnam foreign exchange reserves could hit $102 bln in 2023: securities broker

Vietnam’s foreign exchange reserves could increase to $102 billion by the end of 2023 from $90 billion in 2022, equivalent to 3.3 months of imports, said top broker VNDirect Securities.

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

Vietnam to restructure stock, bond, realty markets

Vietnam to restructure stock, bond, realty markets

The Vietnamese government is prioritizing restructuring the monetary, securities, corporate bond, and real estate markets this year to protect the legitimate interests of businesses and investors.

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

Challenges still loom for Vietnam's monetary policy: central bank official

Challenges still loom for Vietnam's monetary policy: central bank official

Regulators in Vietnam will continue to face global economic headwinds in 2023, including challenges in running monetary policy, said a director of the State Bank of Vietnam.

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

Vietnam central bank seeks to keep 2023 inflation at 4.5%

Vietnam central bank seeks to keep 2023 inflation at 4.5%

The State Bank of Vietnam will manage monetary policy in a flexible way to keep inflation at 4.5% next year as the National Assembly has targeted, the central bank's Deputy Governor Dao Minh Tu said Tuesday.

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

USD/VND exchange rate plummets on free market

USD/VND exchange rate plummets on free market

The selling price of the U.S. dollar on Vietnam's free market fell to VND24,938 on Thursday morning, down VND62 from the previous day, approaching the rates at commercial banks.

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

Vietnam forex reserves down to $87 bln, within safety threshold

Vietnam forex reserves down to $87 bln, within safety threshold

The State Bank of Vietnam (SBV) has sold about $22 billion from its foreign exchange reserves so far this year, bringing it down to about $87 billion.

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

Dollar cools as US inflation situation improves

Dollar cools as US inflation situation improves

The State Bank of Vietnam (SBV) reduced the central exchange rate of the U.S. dollar to VND23,683 Friday, the second reduction in a row as inflation tensions eased in the U.S.

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

U.S. dollar appreciates 8.5% against Vietnamese dong so far this year

U.S. dollar appreciates 8.5% against Vietnamese dong so far this year

The U.S. dollar has appreciated 8.5% against the Vietnamese dong so far this year – from buying-selling rates of VND22,610-VND22,920 on January 1 to VND24,605-VND24,875 on November 7.

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

Fitch Ratings affirms Vietnam at 'BB', outlook positive

Fitch Ratings affirms Vietnam at 'BB', outlook positive

Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating (IDR) at 'BB', with a positive outlook.

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

US dollar at commercial banks hits price ceiling

US dollar at commercial banks hits price ceiling

Commercial banks in Vietnam have increased the U.S. dollar's selling price to VND24,885 - the upper limit set by the State Bank of Vietnam.

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

UOB raises Vietnam GDP forecast to 8.2%

UOB raises Vietnam GDP forecast to 8.2%

Singapore’s United Overseas Bank (UOB) has revised up its 2022 growth forecast for Vietnam to 8.2% from the previous 7%, following the country’s nine-month economic expansion of 8.8% from a year earlier.

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

Dollar posts another record high as central rate keeps rising

Dollar posts another record high as central rate keeps rising

The U.S. dollar at commercial banks has reached another all-time high against the Vietnamese dong after Vietnam increased its central rate to VND23,316 on Thursday.

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

Vietnam increases central rate, dollar hits record high

Vietnam increases central rate, dollar hits record high

The dollar climbed to an all-time high against the dong after Vietnam increased its central rate to VND23,301 Tuesday amidst concerns over expected interest hikes by the U.S. Federal Reserve.

Banking & Finance - 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

Central bank sells greenback to stabilise forex market

Central bank sells greenback to stabilise forex market

The State Bank of Vietnam has sold about $12-13 billion in the year to date to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).

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