Greenback surge appears a mixed bag for Vietnam businesses
As expected, the recent surge in the U.S. dollar against the Vietnamese dong (VND) has benefited exporters handsomely while importers are feeling the pinch of paying more for their purchases.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s 2024 GDP forecast to grow 5.8%: Maybank Securities
Vietnam’s economy is expected to expand 5.8% in 2024 from 5.05% last year, driven by exports and domestic consumption, projected Maybank Securities Limited (MSVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Broker VNDirect set to resume operations next Monday after ransomware attack
Leading brokerage house VNDirect Securities is completing procedures to get re-connected to the Ho Chi Minh and Hanoi stock exchanges (HoSE and HNX) with a plan to resume operations next Monday after a ransomware attack forced its suspension.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VPS, SSI lead stockbrokers in software investment
Leading Vietnamese stockbrokers VPS Securities and SSI Securities have made the strongest investments in software among brokerage houses in the country.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Exchange rate in Vietnam breaks VND24,000 milestone again
The State Bank of Vietnam (SBV) on Monday raised the central exchange rate by VND8 to VND24,004 per U.S. dollar, breaking the VND24,000 milestone and approaching the peak of VND24,110 in October 2023.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
VND/USD exchange rate expected to rise following Fed decision
The U.S. Federal Reserve’s (Fed) decision to keep interest rates unchanged has eased the USD price decline in Vietnam and some analysts expect it to increase again in the near future.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central exchange rate hits all-time high of VND24,036
The State Bank of Vietnam (SBV) increased the central exchange rate to VND24,036 per U.S. dollar on Friday, another record high.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central exchange rate tops VND24,000, an all-time high
The State Bank of Vietnam (SBV) increased the central exchange rate to VND24,005 per U.S. dollar on Monday, a record high.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
USD price hits another year-peak in Vietnam
The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,963 per U.S. dollar on Tuesday, pushing the rate to a new record high in the year to date.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's central bank cuts US dollar rate to VND23,622
The State Bank of Vietnam reduced the central exchange rate to VND23,622 per U.S. dollar on Friday, from VND23,635 on Thursday and VND23,639 on Wednesday, after the U.S. Fed raised its benchmark overnight interest rate by a quarter of a percentage point to 5-5.25%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam government has plan to boost economic growth
VinaCapital’s chief economist Michael Kokalari highlights a series of measures taken by the Vietnamese government to stir growth amid global economic headwinds.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
US dollar drops to three-month low
The retail price of the U.S. dollar fell Wednesday on Vietnam's free market to VND24,000, and hit a three-month low at commercial banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
U.S dollar drops at Vietnamese commercial banks
The buying-selling prices of the U.S. dollar at Vietnamese commercial banks plunged on Wednesday, even below VND24,000, as the central bank raised its credit expansion limit for the banking system from 14% to 15.5-16%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
USD/VND exchange rate plummets on free market
The selling price of the U.S. dollar on Vietnam's free market fell to VND24,938 on Thursday morning, down VND62 from the previous day, approaching the rates at commercial banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam forex reserves down to $87 bln, within safety threshold
The State Bank of Vietnam (SBV) has sold about $22 billion from its foreign exchange reserves so far this year, bringing it down to about $87 billion.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dollar cools as US inflation situation improves
The State Bank of Vietnam (SBV) reduced the central exchange rate of the U.S. dollar to VND23,683 Friday, the second reduction in a row as inflation tensions eased in the U.S.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
U.S. dollar appreciates 8.5% against Vietnamese dong so far this year
The U.S. dollar has appreciated 8.5% against the Vietnamese dong so far this year – from buying-selling rates of VND22,610-VND22,920 on January 1 to VND24,605-VND24,875 on November 7.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Standard Chartered raises Vietnam GDP growth forecast to 7.5%
Standard Chartered Bank has revised up its Vietnam GDP growth forecast for this year to 7.5% from the previous 6.7%, and to 7.2% for next year from 7%, following the country's robust Q3 growth of 13.7% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US dollar surges to new peak after week of record highs
The U.S. dollar has climbed higher after a week of continuous hikes, further exceeding VND24,000 at Vietnamese commercial banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
US dollar scales record high peak of VND24,000
The exchange rate at Vietnamese commercial banks crossed VND24,000 per dollar Thursday, reaching a new peak that it had not scaled before.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dollar up again after slight drop
The U.S. dollar at commercial banks has risen against the Vietnamese dong after a slight decrease late last week.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dollar posts another record high as central rate keeps rising
The U.S. dollar at commercial banks has reached another all-time high against the Vietnamese dong after Vietnam increased its central rate to VND23,316 on Thursday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam increases central rate, dollar hits record high
The dollar climbed to an all-time high against the dong after Vietnam increased its central rate to VND23,301 Tuesday amidst concerns over expected interest hikes by the U.S. Federal Reserve.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese currency could depreciate 2.5-3% this year: analysts
Despite global dollar appreciation pressure, the Vietnamese dong is likely fall only by 2.5-3% this year, thanks to abundant dollar supply and proactive action by the central bank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fed interest rate hike has little impact on VND
The Vietnamese dong remained unaffected while most emerging-market currencies declined against the U.S. dollar following the U.S. Federal Reserve’s interest rate hike.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinaCapital lowers Vietnam growth forecast, raises concern over VND depreciation
VinaCapital, a leading investment fund in Vietnam, has revised down its country GDP forecast by 1% to 6.5%, and raised concerns about a 1-2% depreciation in the VND's value.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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