A "moderate" increase in VND and US$ exchange rates will boost exports

A "moderate" increase in VND and US$ exchange rates will boost exports

VCN - According to experts, in recent times, the moderate depreciation of VND compared to USD will help promote export activities and increase the competitiveness of Vietnamese exports.
Many export items of the “USD billion " group dropped sharply

Many export items of the “USD billion " group dropped sharply

In the first 2 months of 2023, export turnover of most commodity groups decreased, except for mineral fuels.
Agricultural sector targets attracting 25 billion USD in FDI by 2030

Agricultural sector targets attracting 25 billion USD in FDI by 2030

The agricultural sector targets attracting 25 billion USD in foreign direct investment (FDI) by 2030, along with 5 billion USD in loans and 1 billion USD in grants.
Bac Ninh attracts over 2 billion USD in FDI

Bac Ninh attracts over 2 billion USD in FDI

The northern province of Bac Ninh has so far this year attracted more than 2 billion USD in foreign direct investment (FDI), thanks to innovations and increased efficiency of investment promotion activities.
Vietnam runs trade surplus of 3 billion USD with UAE

Vietnam runs trade surplus of 3 billion USD with UAE

Two-way trade between Vietnam and the United Arab Emirates (UAE) was estimated at 3.3 billion USD in the first eight months of this year, with the Southeast Asian nation enjoying a trade surplus of some 3 billion USD.
USD appreciates, Government

USD appreciates, Government's debt repayment obligation under control

VCN - As of December 31, 2021, the Government's outstanding debt was estimated at VND3,283 trillion.
VND Constant depreciation is detrimental to exports

VND Constant depreciation is detrimental to exports

VCN - In an interview with Customs News, Dr. Le Xuan Nghia, former Vice Chairman of the National Financial Supervisory Commission and a member of the National Monetary and Financial Policy Advisory Council, said that Vietnam is trying to stabilize the exc
Stronger USD has a two-way impact on Vietnamese enterprises

Stronger USD has a two-way impact on Vietnamese enterprises

The risks of inflation, exchange rate and interest rate are increasing not only in the country but also in major export markets of Vietnam are major obstacles for enterprises in the near future.
SBV willing to sell USD at lower price than listed price to stabilise market

SBV willing to sell USD at lower price than listed price to stabilise market

VCN - Recently, the USD exchange rate in local commercial banks has increased. Is this an alert for Vietnam’s currency market?
Exciting USD money exchange service with golden mouse pictures

Exciting USD money exchange service with golden mouse pictures

VCN- There is about one month left until the Lunar New Year of the Year of the Rat 2020, many sales sites from social networks to e-commerce sites have frantically advertised a USD 2 bill printed with two mice.
Vietnam’s foreign trade to exceed 500 billion USD in 2019

Vietnam’s foreign trade to exceed 500 billion USD in 2019

Vietnam foreign trade turnover is likely to surpass 500 billion USD in 2019 Deputy Minister of Industry and Trade Do Thang Hai said at a press conference in Hanoi on December 12
USD/VND inter-bank exchange rate edges down

USD/VND inter-bank exchange rate edges down

The USD/VND inter-bank exchange rate posted a gradual slide and stood below a so-called exchange rate threshold during the first trading session of the week approaching Tet (Lunar New Year) holidays.
USD/VND exchange rate remains under control in 2018

USD/VND exchange rate remains under control in 2018

Commercial banks have consecutively lowered the value of the US dollar against the Vietnamese dong during the final days of 2018 helping the USD VND exchange rate close the year under control
Increasing pressure on interest rates

Increasing pressure on interest rates

VCN- The short-term of interest rates in dollar fluctuate around 2.8-4.7% per year, the interest rates in USD deposits are kept at 0%. Raising the attractiveness of VND holdings and reducing dollarization in the economy, VND deposit rates are usually high
Attracting US$ 23 billion in FDI

Attracting US$ 23 billion in FDI

VCN- Also, 3,331 times of capital contributions and share purchases of foreign investors with a total value of US$ 4.79 billion, up 53.3% over the same period of 2017.
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