USD rate pressures domestic landscape
March 06, 2024 | 09:00
While exchange rates have undergone considerable volatility, witnessing a surge which positively influences import-export activities, the domestic scene faces renewed pressure, attributed to the VND-USD interest rate being at negative levels.
Global banking crisis: Is Vietnam at risk?
April 03, 2023 | 16:04
During the pandemic, commercial banks in developed economies like the US and EU struggled to find companies that welcomed their money for investment.
Potential global drawbacks to keep in mind for economy
November 11, 2022 | 08:00
Vietnam’s economy faces multiple macro headwinds that have driven a flight to USD, inflationary pressure, and reduced appetite for foreign direct investment. So, what can Vietnam do to improve the situation?
Vietnam keeps clear of US currency manipulator status
December 05, 2021 | 21:36
Vietnam continues to meet the requirements for not being classified as a currency manipulator according to the US Department of the Treasury.
The dollarisation and cash economy puzzle
May 07, 2021 | 09:00
The more than 5-year-old Decision No.2589/QD-NHNN from the State Bank of Vietnam (SBV) lowered annual interest rates to zero, applicable for deposits in USD of institutions and individuals.
Gold shines as dollar weakened by geopolitical tension
June 25, 2019 | 16:48
The rally in gold continued in Vietnam on June 25 with the price hitting a fresh, more-than-two-year high in Vietnam and a six-year high in the world.
Fed interest rate hike does not affect VND
December 25, 2018 | 11:44
The Fed hiking interest rates last week for the fourth time this year was not a total surprise and the dong has weathered through with poise.
VND to remain steady until year’s end
July 25, 2018 | 14:00
Despite recent fluctuations of the VND against the USD in response to monetary policy movements in the US and China, the dong is expected to hold itself up well towards the year’s end, with the central bank standing ready to play its part in the FX market.
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