The inflationary pressure on Vietnam in 2023 may not be high, said experts at a conference in Hanoi on January 4.

VOV.VN - Inflation is currently being well controlled in Vietnam thanks to an active and flexible monetary policy, coupled with self-control in the supply of basic necessities in the country, according to foreign experts.

VOV.VN - The Vietnamese economy is expected to continue facing obstacles in the time ahead due to unfavourable factors locally and globally, the World Bank said in its November economic update released on November 16.

Amid the US Federal Reserve (FED)’s continuous increases of interest rates to cope with inflation, the most important task for Vietnam now is to keep macro-economic stability, with monetary stability being the core, some economic experts have said.

VOV.VN - The daily exchange rate for the US dollar against the local currency (VND) has dropped after the State Bank of Vietnam (SBV) moved to withdraw cash through open market operation (OMO) and foreign currency selling channels for the seventh consecutive session.

The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by VND490 to VND24,870 per USD - the highest rise in many years.

VOV.VN - The escalation of the US dollar reaching a record high of more than VND24,500 in recent times is anticipated to cause numerous challenges for Vietnamese firms due to the risk of exchange rate differences, according to insiders.

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.

Besides interest and exchange rates, non-performing loans (NPLs) are also a concern for banking activities in the remaining months of 2022, experts have warned.

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).