Economists underlined the need for Vietnamese Government and businesses to apply measures to adapt to the new tariff policy of the US to maintain growth during a meeting held by the Ho Chi Minh City Department of Industry and Trade on April 8.

After many consecutive sessions of net withdrawal, the State Bank of Vietnam (SBV) last week net injected more than VND5.09 trillion (US$199.7 million) through the open market operation (OMO) and bill channels to support liquidity in the banking system.

The USD/VND exchange rate remains under pressure as ongoing trade tensions push the USD higher.

The State Bank of Vietnam (SBV) continued its net liquidity injection in the first two trading sessions of the Year of the Snake on February 3 and 4, pumping over VND35 trillion (US$1.4 billion) into the market.

Ho Chi Minh City received nearly US$493 million in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Vietnam’s inflation in 2025 is projected to remain within a manageable range of 3% to 4.5%, in line with the National Assembly’s goal to keep it around 4.5%, matching expert forecasts, heard a seminar held in Hanoi on January 9.

Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

A strong US dollar will still be a major factor influencing the USD/VND exchange rate in 2025, causing the Vietnamese dong to depreciate by about 3% against the dollar, experts forecast.

The latest US Federal Reserve (Fed)’s announcement to make fewer interest rate cut next year immediately impacted the USD/VND exchange rate.

The USD/VND exchange rate is not forecast to be under great pressure at the end of this year, if the US Federal Reserve (Fed) continues to cut interest rates at its meeting this month, experts said.