Vietnam central bank cancels first gold auction in 11 years

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

US dollar hits new high versus Vietnam dong

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

Massive cash injection in Vietnam as exchange rate pressure eases

Massive cash injection in Vietnam as exchange rate pressure eases

Vietnam’s central bank has pumped back a massive amount of cash into the economy as pressure on the USD/VND exchange rate has eased.

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

Vietnam dong may depreciate 3% this year: Vietcombank Securities

Vietnam dong may depreciate 3% this year: Vietcombank Securities

The Vietnamese dong (VND) is forecast to weaken by circa 3% against the greenback this year in case the U.S. Dollar Index (DXY) does not rise further, said analysts at Vietcombank Securities Co.

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

US dollar plunges in Vietnam after new Fed signal

US dollar plunges in Vietnam after new Fed signal

The U.S. dollar sharply fell against the Vietnamese dong at commercial banks on Thursday after the Federal Reserve (Fed) consolidated the prospect to slow down interest rate hikes.

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

Central bank may raise basic interest rates in late 2022: Maybank Kim Eng

Central bank may raise basic interest rates in late 2022: Maybank Kim Eng

The State Bank of Vietnam may lift its interest rates by 50 basis points in late 2022 to maintain the country’s moderate growth, given rising inflation risks and the U.S. Federal Reserve’s aggressive rate moves, according to Maybank Kim Eng Securities.

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

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