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Market’s liquidity stays stable amidst exchange rate uptrend

Market’s liquidity stays stable amidst exchange rate uptrend

The monetary market’s liquidity has remained stable and foreign currency supply and demand are relatively balanced amidst the uptrend of USD/VND exchange rates over the last few days, an official from the State Bank of Vietnam (SBV) has assured.

No big changes in exchange rate, interest rate in 2019: research institute

No big changes in exchange rate, interest rate in 2019: research institute

There would be no big fluctuations in the foreign exchange rate and interest rate in 2019 as pressure caused by the normalization of monetary policy in major economies in the world has eased, according to the Vietnam Institute for Economic and Policy Research (VEPR) under the VNU University of Economic and Business.

Reference exchange rate down by 5 VND

Reference exchange rate down by 5 VND

The State Bank of Vietnam set the daily reference exchange rate at 22,993 VND/USD on the morning of April 9, down by 5 VND from the day earlier.

Reference exchange rate up 10 VND

Reference exchange rate up 10 VND

The State Bank of Vietnam set the daily reference exchange rate at 22,988 VND per USD on April 5, up 10 VND from the previous day (April 4).

Reference exchange rate remains stable

Reference exchange rate remains stable

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 22,976 VND per USD on February 14, unchanged as compared to the previous day (April 1).

Reference exchange rate up on March 25

Reference exchange rate up on March 25

The State Bank of Vietnam set the daily reference exchange rate at 22,964 VND per USD on March 25, up 7 VND from the last working day of previous week (March 22).

Reference exchange rate up 5 VND

Reference exchange rate up 5 VND

The State Bank of Vietnam set the daily reference exchange rate on January 11 at 22,835 VND/USD, up 5 VND from the previous day.

Reference exchange rate up 8 VND

Reference exchange rate up 8 VND

The State Bank of Vietnam raised the daily reference exchange rate on January 9 to 22,835 VND/USD, up 8 VND from the previous day.

VN currency suffers from US-China trade war

VN currency suffers from US-China trade war

The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the USD/VND exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.