Gold bullion prices in Vietnam still head north, US dollar strengthens
Prices of SJC-branded gold bars have been revised up continuously on Thursday, reaching a record high in the early afternoon, while the U.S. dollar gained against the Vietnamese dong.
Finance - Thu, May 9, 2024 | 3:43 pm
Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities
Vietnamese currency dong (VND) is likely to appreciate against the U.S. dollar towards the year-end, narrowing its year-to-date depreciation, analysts with Vietcombank Securities say.
Banking - Wed, May 8, 2024 | 4:00 pm
Greenback surge hurts Vietnamese importers, firms with dollar debts
Vietnamese businesses with dollar-denominated loans and/or those that are heavily reliant on imports have been badly hurt by the greenback’s surge against the local VND currency.
Companies - Wed, May 8, 2024 | 8:11 am
Vietnam currency to strengthen towards year-end: UOB
Vietnamese dong (VND), the local currency, is expected to appreciate against the greenback in H2/2024, with the U.S. Federal Reserve likely to cut interest rates twice this year.
Banking - Fri, May 3, 2024 | 7:58 pm
USD weakens slightly against VND after Fed holds rates steady
The U.S. dollar slid against the Vietnamese dong (VND) on Thursday morning hours after the U.S. Federal Reserve (Fed) kept its policy rate unchanged in the 5.25-5.50% range.
Banking - Thu, May 2, 2024 | 11:37 am
Vietnamese dong to slide further 1% by year-end: Bank of America
The Vietnamese dong, the local currency, is projected to weaken by an additional 1% by the year-end after sliding sharply against the U.S. dollar since the start of this year, according to Bank of America.
Banking - Sat, April 27, 2024 | 10:39 pm
Vietnam central bank to keep interest rate steady: deputy governor
The State Bank of Vietnam (SBV), the country’s central bank, will continue to keep policy interest rates unchanged at present and in the coming time, affirmed its deputy governor Dao Minh Tu.
Banking - Fri, April 26, 2024 | 9:11 pm
Vietnam central bank cancels first gold auction in 11 years
Vietnam's central bank has canceled a gold auction due to take place at 10 a.m. Monday, which would have been the first after an 11-year hiatus.
Banking - Mon, April 22, 2024 | 10:57 am
Vietnam central bank ready to cool USD surge: Deputy Governor
The State Bank of Vietnam (SBV) stands ready to make needed interventions to curb the worrisome strengthening of the U.S. dollar against the local currency, a senior official has said.
Banking - Fri, April 19, 2024 | 4:01 pm
US dollar hits new high versus Vietnam dong
The U.S. dollar has continued to strengthen against the Vietnamese dong, reaching a new high at commercial banks and causing another headache for the country’s central bank, which has been ordered to stem gold fever.
Banking - Tue, April 16, 2024 | 10:40 am
Vietnam central bank stands ready to cool overdone dong depreciation
The State Bank of Vietnam (SBV) is aware of the importance of keeping the USD/VND exchange rate steady and stands ready to put a brake on the dong devaluation run when necessary, said an official.
Banking - Thu, April 4, 2024 | 11:07 am
Vietnam central bank slows down cash withdrawal as exchange rate remains stable
The State Bank of Vietnam (SBV), the country’s central bank, has reduced the volume of T-bills put up for auction as the USD/VND exchange rate stays stable.
Banking - Wed, March 27, 2024 | 5:14 pm
State Bank of Vietnam may net withdraw $6.35 bln in ongoing streak
The State Bank of Vietnam will net withdraw an estimated VND100-150 trillion ($6.35 billion) in the ongoing T-bill sales streak that started on Monday amidst the weakening of the dong.
Banking - Sun, March 17, 2024 | 9:30 am
Major Vietnamese firms call for stable exchange rate
Major Vietnamese companies, including energy giant Petrovietnam, real estate developer Sun Group and national carrier Vietnam Airline, have asked the central bank to keep the VND/USD rate stable amidst global financial turbulence.
Banking - Fri, March 15, 2024 | 4:03 pm
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