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
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?
VND to average slightly weaker in 2020  ​

VND to average slightly weaker in 2020 ​

VND would average slightly weaker by 1 percent due to easing foreign direct investment (FDI) inflows and higher imports in 2020.
VND to weaken slightly for rest of 2019

VND to weaken slightly for rest of 2019

The Vietnamese dong (VND) will weaken only slightly during the remaining months of 2019, with the 2019 average predicted to slide to VND23,300/USD, from the previous forecast of VND23,440/USD, in light of the currency’s stability over the year’s first hal
Report highlights CNY depreciation as threat to VND

Report highlights CNY depreciation as threat to VND

Sharp fluctuations in the global foreign exchange market stirred by Chinese yuan renminbi (CNY) depreciation could be a threat to the USD/VND exchange rate.
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
US-China trade war: Proposing to devalue the Vietnamese dong (VND)

US-China trade war: Proposing to devalue the Vietnamese dong (VND)

VCN- Vietnam should develop a policy to devalue the VND against USD at a moderate level so as to import cheap raw materials to improve the production status in the context of the US-China trade war and the devaluation of the Yuan (CNY).
Vietnam Dong, among most stable in Asia this year: experts

Vietnam Dong, among most stable in Asia this year: experts

The Vietnam Dong VND is among the most stable currencies in Asia this year said the US based Bloomberg News echoed by similar views from Vietnamese economists who were confident that the stability would remain until the year end thanks to the economy posi
It costs 12,208 billion VND for 5 specialized examination subjects

It costs 12,208 billion VND for 5 specialized examination subjects

VCN- Only 5 areas of field inspection: plant quarantine, animal quarantine, energy efficiency inspection, food safety inspection, import license and requirements and the equivalent demands related to the Ministry of Health, Agriculture and Rural Developme
Reference exchange rate down by VND2 at week’s beginning

Reference exchange rate down by VND2 at week’s beginning

The State Bank of Vietnam set its reference VND USD exchange rate at 22 439 VND USD on September 18 down by 2 VND from the end of last week
VND expected to see end-of-year dip

VND expected to see end-of-year dip

The Vietnam dong is expected to depreciate by two percentage points at the end of 2017 ending a period of stability that lasted throughout the year
Reference exchange rate goes down VND1

Reference exchange rate goes down VND1

The State Bank of Vietnam adjusted its reference VND USD exchange rate down by 1 VND from July 11 to 22448 VND USD on July 12
Credit for the priority areas: Waiting for a new "breath of air"

Credit for the priority areas: Waiting for a new "breath of air"

VCN- Any field of industry also requires a large amount of capital to meet the production needs. Therefore, many areas have to "ask" for their own credit mechanism and priority for development. This requires the whole system, not just the banking system
Central government budget expenditure in 2017 to be more than 900 trillion VND

Central government budget expenditure in 2017 to be more than 900 trillion VND

VCN- In the morning of November 14 2016, with agreement by 82.15% of delegates, the National Assembly has approved the Resolution on allocation of the central government budget in 2017.
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