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exchange rate

Interest rate cut requires a trade-off in foreign exchange rate

Interest rate cut requires a trade-off in foreign exchange rate

Phạm Chí Quang, Director of the State Bank of Vietnam (SBV)’s Monetary Policy Department, talks about the cause of the đồngdevaluation and forecasts the đồng in the second half of 2025.
Dollar appreciates in domestic market due to surge in foreign debt repayment

Dollar appreciates in domestic market due to surge in foreign debt repayment

The US dollar index (DXY) is now around 99, down 10 per cent from its early-year peak, while the dollar has risen 2.6–3 per cent against the Vietnamese đồng at local banks this year.
USD/VNĐ exchange rate increase despite DXY depreciation

USD/VNĐ exchange rate increase despite DXY depreciation

The US dollar in the domestic market has so far this year appreciated by about 2.2 per cent against the Vietnamese đồng.
Foreign exchange rate to remain under control in wake of US tariff

Foreign exchange rate to remain under control in wake of US tariff

According to experts, to minimise exchange rate risks, the SBV should manage the rate flexibly, but not fix or anchor it because Việt Nam''s economy is deeply integrating towards becoming a market economy, which requires flexibility.
State Treasurys high dollar demand might increase exchange rate

State Treasury’s high dollar demand might increase exchange rate

The State Treasury has offered to buy a total of US$500 million from commercial banks in the past three weeks.
Đồng forecast to depreciate by 3% against dollar in 2025

Đồng forecast to depreciate by 3% against dollar in 2025

The possibility of a sharp increase in the USD/VNĐ exchange rate will significantly impact the monetary policy of the State Bank of Vietnam (SBV).
Exchange rate forecast not to be under high pressure at year-end

Exchange rate forecast not to be under high pressure at year-end

The market is banking on the Fed cutting rates by 0.25 basis points at their meeting on December 17-18.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.
SBVs USD/VNĐ central exchange rate hits all time high

SBV’s USD/VNĐ central exchange rate hits all time high

The move came as the dollar index (DXY) hovered around a four-month high of more than 105, with the market welcoming Donald Trump''s victory in the US presidential election.
Foreign exchange rate increases again in October

Foreign exchange rate increases again in October

According to experts, the exchange rate has increased again due to a recovery of the US dollar price in the international market and a slowdown in Việt Nam’s trade surplus.
Reference exchange rate going down at weeks beginning

Reference exchange rate going down at week’s beginning

On September 9, the State Bank of Việt Nam set the daily reference exchange rate for the US dollar at VNĐ24,177, down VNĐ25 from September 6.
Central bank takes looser monetary measures

Central bank takes looser monetary measures

The SBV this week also continued to reduce the bill interest rate from 4.2 per cent per year to 4.15 per cent per year.
Foreign exchange rate cools rapidly

Foreign exchange rate cools rapidly

On Wednesday, the central exchange rate of the Vietnamese đồng against the US dollar was listed by the SBV at VNĐ 24,246 per dollar, down VNĐ5 compared to the previous day.
Central bank works to raise interbank rates and ease forex market

Central bank works to raise interbank rates and ease forex market

The State Bank of Vietnam (SBV) has shortened terms and kept interest rate of its bills unchanged to increase the attractiveness of the bill channel.
Exchange rate pressure eases, creating favourable conditions for stocks, economic recovery

Exchange rate pressure eases, creating favourable conditions for stocks, economic recovery

Representatives from fund management companies have expressed optimism about the recovery of the economy and business growth.