Tag: US dollar
Vietnam faces huge inflationary pressure in 2023: expert
The demand-pull and cost-push inflation will put pressure on the country's efforts to control inflation amid surging demand and strengthening of the US dollar which yields increased import prices.
Assets of Vietnam’s billionaires drop as stock prices fall
Vietnamese US dollar billionaires saw their value fall sharply in 2022 because of decreased stock prices. Vingroup’s Pham Nhat Vuong lost US$2.1 billion, while Bui Thanh Nhon was excluded from Forbes’ list of billionaires.
Garment makers likely to hit export target amid challenges
VOV.VN - Despite suffering a fall in export orders coupled with the appreciation of the US dollar, the local garment and textile industry is anticpated to meet an export target of between US$43 - 44 billion this year, according to industry insiders.
Exchange rate falls as SBV withdraws cash through foreign currency selling channel
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.
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).
Central bank sells greenback to stabilise forex market
The State Bank of Vietnam (SBV) has so far this year sold about US$12-13 billion to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).
ACV asks to borrow US dollars for Long Thanh airport project
The State-run Airports Corporation of Vietnam (ACV) has said it wants to borrow US dollars from local banks for the country's largest airport project, Long Thanh International Airport in southern Dong Nai province.
CPI in April records decline of 0.04%
VOV.VN - The General Statistics Office (GSO) unveiled on April 29 that the consumer price index (CPI) in April slipped by 0.04% compared to the previous month but rose by 1.27% from the figure recorded last December.
State Bank Operations Centre adjusts down USD rate for first time in 2020
The Operations Centre of the State Bank of Vietnam, on November 24, adjusted down both the buying and selling rates for the US dollar, the first adjustment made so far this year.
Vietnamese currency to strengthen in 2021: VNDirect Securities
The Vietnamese dong (VND) will remain stable for the rest of the year but may appreciate by 0.5% in 2021, VNDirect Securities Corp forecast.
