If the exchange rate is not flexible enough, it will be difficult for imports and exports to compete

If the exchange rate is not flexible enough, it will be difficult for imports and exports to compete

State Bank's decision to adjust the spot exchange rate band between USD and VND from ±3% to ±5% is consistent with the goal of stabilizing the foreign exchange market
Import and export turnover no longer depends on the exchange rate

Import and export turnover no longer depends on the exchange rate

​​​​​​​In an interview with Customs News, Dr. Nguyen Duc Do said that import and export in Vietnam no longer depend as much on the exchange rate, but must keep the foreign exchange market and interest rates stable
State Bank adjusts USD/VND exchange rate band to 5%

State Bank adjusts USD/VND exchange rate band to 5%

The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.
Before the FED raises interest rates, the exchange rate is under great pressure

Before the FED raises interest rates, the exchange rate is under great pressure

VCN - The US Federal Reserve (FED) is conducting a policy meeting in September, analysts are sure that the FED will decide to raise interest rates for the 5th time this year. With this development, the foreign currency market continued to gain momentum.
Importers, exporters impacted by exchange rate volatility

Importers, exporters impacted by exchange rate volatility

The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade (MoIT).
Pressure to increase the exchange rate, will the State Bank take action?

Pressure to increase the exchange rate, will the State Bank take action?

VCN - Pham Chi Quang, Deputy Director General in charge of the Monetary Policy Department, State Bank of Vietnam (SBV), said that the agency will increase the frequency of selling foreign currency interventions.
High exchange rate and worries of import-export enterprises

High exchange rate and worries of import-export enterprises

VCN - In the foreign currency market in recent days, the USD/VND exchange rate has fluctuated sharply. This poses a problem of competitive pressure on Vietnam's import-export enterprises.
Exchange rate sees flexible fluctuations

Exchange rate sees flexible fluctuations

VCN – Speaking to Customs News, Assoc. Prof. Dr. Ngo Tri Long, former director of the Price and Market Research Institute (Ministry of Finance), said that the foreign exchange rate in Vietnam is flexibly managed and supported by many "buffers" of the econ
Amendment of regulations on customs valuation for clarifying calculation methods and exchange rates

Amendment of regulations on customs valuation for clarifying calculation methods and exchange rates

The issue of customs valuation will be amended to ensure objectivity and to balance the content of legal documents.
Will exchange rate movements at the end of the year stay stable?

Will exchange rate movements at the end of the year stay stable?

In the first six months of 2021, the USD/VND exchange rate continued to remain stable when the central exchange rate only increased by 0.2% compared to the beginning of the year.
Reference exchange rate up at week’s beginning

Reference exchange rate up at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,200 VND per USD on March 15, up 17 VND from the last working day of previous week (March 12).
Exchange rate in 2021 will fluctuate less, enterprises should not be subjective

Exchange rate in 2021 will fluctuate less, enterprises should not be subjective

Many experts believe that room for operating monetary policy in 2021 will be narrower than in 2020, but with a stable macroeconomic foundation, there will not be any exchange rate shocks
Reference exchange rate up 4 VND

Reference exchange rate up 4 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,148 VND per USD on December 16, up 4 VND from the previous day.
The safe prevention of the exchange rate from the economy

The safe prevention of the exchange rate from the economy

VCN- Therefore, up to the beginning of November, the VND only slightly decreased by 0.02% against the USD while many regional and world currencies declined sharply.The VND/USD exchange rate continued to fluctuate in a narrow band with quite a stable value
Reference exchange rate up 2 VND on October 14

Reference exchange rate up 2 VND on October 14

The State Bank of Vietnam set the daily reference exchange rate at 23,197 VND per USD on October 14, up 2 VND from the previous day.
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