Tags: exchange rates

Four directions set for foreign currency credit

Four directions set for foreign currency credit

VOV.VN - The State Bank of Vietnam has implemented a road map to guide the flows of foreign currency credit into four directions in a bid to deal with rising exchange rates.

Inflation pressure weighs on Vietnam in final months

Inflation pressure weighs on Vietnam in final months

Although full-year inflation will probably be contained at less than 4%, the average consumer price index (CPI) in the first nine months of 2018 was already 3.57%, putting the efforts to curb inflation in the remainder of the year under even greater pressure.

Exchange rates stable despite Fed rate hikes

Exchange rates stable despite Fed rate hikes

The VND/USD exchange rates saw little changes this morning although the US Federal Reserve (Fed) raised interest rates on June 14 on the confidence in a growing economy and strengthening job market in the world’s biggest economy.

Rosy 2017 VN economic outlook: experts

Rosy 2017 VN economic outlook: experts

Vietnam will achieve its 2017 goal of 6.7% growth in gross domestic product (GDP), higher than 6.21% in 2016, due to the efficiency of its reforms, say experts.

Firms adapt to anti-dollar drive

Firms adapt to anti-dollar drive

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Vietnam (SBV)’s new regulation on tightening foreign currency credit.

Vietnam sizes up obstacles to surmount in year ahead

Vietnam sizes up obstacles to surmount in year ahead

Although Vietnam embarks upon its socio-economic development for the 2016-2020 period with a string of bright achievements under its belt, enterprises are still somewhat hampered by certain hurdles that must be resolved, says Professor Nguyen Mai, former vice chairman of the Ministry of Planning and Investment.

Lower USD interest rate does not harm businesses

Lower USD interest rate does not harm businesses

The US dollar interest rate cut last month will not cause economic losses for organisations or individuals, said the State Bank of Vietnam (SBV) on October 12, adding that it is more beneficial to shift to VND as the difference between the interest rates on USD and VND deposits is now above 5%.

National economy stays stable

National economy stays stable

(VOV) -Vietnam’s macro-economy has been kept stable and recovery remained on track during the first eight months of this year amid complicated global economic fluctuations, said the Ministry of Planning and Investment (MoPI).

IMF nations point to exchange rate, geopolitical risks

IMF nations point to exchange rate, geopolitical risks

The International Monetary Fund's member nations on April 18 warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects."

Exchange rates to follow market rules

Exchange rates to follow market rules

(VOV) - State Bank of Vietnam (SBV) Governor Nguyen Van Binh has said exchange rates in 2013 will be adjusted in accordance with market practices.

Stabilising foreign exchange rates

Stabilising foreign exchange rates

The importance of keeping foreign exchange rates under control to stabilise domestic gold prices in line with the world market has never been more pertinent.