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Interest rates stay steady til year end: SBV official

Interest rates stay steady til year end: SBV official

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam (SBV).

USD/VND exchange rate remains under control in 2018

USD/VND exchange rate remains under control in 2018

Commercial banks have consecutively lowered the value of the US dollar against the Vietnamese dong during the final days of 2018, helping the USD/VND exchange rate close the year under control.

No sudden impacts on Vietnam from FED rate hike

No sudden impacts on Vietnam from FED rate hike

The Vietnamese monetary market will not suffer from any significant impact from the US Federal Reserve (FED)’s fourth interest rate hike in 2018 as the move was already expected, experts have said.

Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny

Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny

VOV.VN - The Vietnam Institute for Economic and Policy Research (VEPR) and the Konrad Adenauer Stiftung (KAS) co-hosted a workshop in Hanoi on October 10 to unveil the 2018 Quarterly Report (III) – Independent Assessment of Vietnam’s Macroeconomic Policies in the presence of many senior economic experts.

Positive economic index in July

Positive economic index in July

Vietnam’s socio-economic performance in July continued to see positive developments with equal growth in all the three sectors, namely macro economy, industrial production and services.

Foreign exchange reserves hit US$63.5 billion

Foreign exchange reserves hit US$63.5 billion

The State Bank of Vietnam (SBV)’s net purchase of foreign currencies exceeded US$11 billion in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately US$63.5 billion.

Dollar hike won’t significantly affect Vietnam’s economy

Dollar hike won’t significantly affect Vietnam’s economy

The US dollar has appreciated significantly against the Vietnamese dong in the past few days in the wake of the US Federal Reserves (Fed)’s interest rate hike last week, but local officials and experts are not too worried, believing these hikes won’t affect Vietnam’s economy in any major way.

Foreign exchange market to be stable in 2018

Foreign exchange market to be stable in 2018

Commercial banks are optimistic about the foreign exchange market in 2018, noting that the market would be stable with the Vietnamese dong devaluing slightly by some 0.5-1 percentage points to VND22,710 to VND22,950.

Expert warns over possible increase in USD exchange rate

Expert warns over possible increase in USD exchange rate

After the Federal Reserve (Fed) raised the USD interest rate, the domestic exchange rate did not significantly fluctuate. However, when talking with VIR reporter, economist Dr Can Van Luc said that there may be some pressure on the USD exchange rate at the end of 2017.

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.

Inflation forecast to hit 2.6 percent this year

Inflation forecast to hit 2.6 percent this year

Vietnam’s inflation this year is forecast to reach 2.6 percent barring fluctuations of prices on world markets and adjustment in the cost of public services, the National Financial Supervisory Commission (NFSC) reported on June 12.