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
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
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- Editor’s Picks
-
LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
-
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
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