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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - 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 central bank continues cash withdrawals with $1.82 bln in 3 days
The State Bank of Vietnam (SBV), the country’s central bank, withdrew a total of VND45 trillion ($1.82 billion) over three consecutive days ending Wednesday in an attempt to cool the U.S. dollar rally in the country.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank withdraws $609 mln in cash after 4-month hiatus amid weakening VND
The State Bank of Vietnam (SBV), the country’s central bank, on Monday withdrew VND15 trillion ($608.6) million in cash from circulation via a T-bill auction after a four-month hiatus as the local currency has devalued rapidly since the start of the year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam dong likely to strengthen toward year end: UOB
The Vietnamese dong or VND is expected to strengthen slightly against the U.S. dollar in the latter half of this year, along with the country's economic recovery and the anticipated weakening of the greenback, according to Singapore-based bank UOB.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam dong seen weakening 1.5% vs. US dollar in 2024: broker
Vietnam's local currency the dong is likely to devalue 1.5% against the U.S. dollar this year to VND24,600 as upward pressures persist, KB Securities Vietnam (KBSV) said in a report.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
USD prices go up in Vietnam open market, bucking trend at banks
Gold shops in Vietnam’s major cities raised greenback prices by VND60 in both directions from Tuesday to VND25,030-25,130 for respective bids and asks on Wednesday, breaching the VND25,000 psychological threshold.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Standard Chartered trims Vietnam’s 2023 GDP growth forecast to 5%
Standard Chartered Bank has lowered Vietnam’s 2023 GDP growth to 5% from the previous 5.4%, reflecting the weaker-than-expected data year to date and a gloomier global outlook, while revising up inflation.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank likely to withdraw more cash: analyst
The State Bank of Vietnam (SBV), the country’s central bank, has been issuing treasury bills to reduce excess liquidity in the system and is likely to continue to do so next week, said an analyst at leading broker SSI Securities.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank may continue cash withdrawal to keep forex rate stable
The State Bank of Vietnam (SBV), the country’s central bank, is expected to continue withdrawing cash from the banking system through open market operations (OMO) in order to narrow the dong-dollar interest rate gap and keep the USD/VND rate stable, analysts have said.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam currency slides to all-time low against USD
The Vietnamese dong has continued to devalue against the U.S. dollar to a new low, with the greenback remaining strong ahead of a Federal Reserve (Fed) policy meeting.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam currency likely to remain stable, more or less: analyst
The USD/VND exchange rate is unlikely to undergo major fluctuations in the remaining months of this year, thanks to solid macroeconomic fundamentals, an analyst says.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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