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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam dong may weaken 3% in 2024: broker
The Vietnamese dong, Vietnam’s local currency, is forecast to devalue around 3% against the U.S. dollar this year, a similar magnitude to that seen in 2023, as depreciation pressure lingers, Vietcombank Securities (VCBS) said.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank to continue withdrawing excess cash as dong devaluates 4.4% year to date
The State Bank of Vietnam (SBV), the country’s central bank, will continue to issue treasury bills until the year-end to keep interbank interest rates on VND-denominated loans and the dong devaluation in permissible zones, analysts have said.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam steadfast on keeping exchange rate stable, fighting forex hoarding
The State Bank of Vietnam (SBV) will stay steadfast on keeping the USD/VND exchange rate stable and dampening forex hoarding by those expecting further dong devaluation, a central bank official has stated.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Interbank interest rates rise as Vietnam regulator squeezes excess liquidity
Interest rates in Vietnam’s interbank market have risen in recent days as the banking regulator remains aggressive with excess liquidity, aiming to limit the weakening of the dong.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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