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Forex rate forecast to remain stable till year-end

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.

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.

Hanoi’s CPI drops in November

Hanoi’s CPI drops in November

The consumer price index (CPI) of Hanoi saw a decrease of 0.26% in November against the previous month and down 4.17% year-on-year, announced the city’s Department of Statistics.

Petro price hikes push Hanoi’s CPI up 0.24%

Petro price hikes push Hanoi’s CPI up 0.24%

Hanoi’s consumer price index (CPI) in October increased 0.24% month-on-month and 4.09% year on year as transport costs rose 1.42% due to the petrol price hikes, according to the Hanoi Statistics Department.

Economy shows signs of losing momentum: expert

Economy shows signs of losing momentum: expert

Vietnam’s economy grew at a fast pace in the first half of 2018 compared to the previous years, but there are indications that it is losing momentum – a problem not only in the last half of the year but also in 2019 and 2020.

Value and volume of rice exports on the rise

Value and volume of rice exports on the rise

VOV.VN - Vietnam shipped an estimated 382,000 tons of rice valued at US$195 million in July, bringing the total rice exports for the first 7 months of the year to 3.9 million tons worth nearly US$2 billion, up 12.2% in volume and 29.2% in value, according to the Processing and Market Development Authority (AgroTrade).

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.

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.

US dollar devalued against dong despite global rise

US dollar devalued against dong despite global rise

Domestic commercial banks on February 8 continued devaluing the US dollar against the Vietnamese dong for the second consecutive session, despite a rise of the greenback in the global market.

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.

Stronger US dollar benefits exporters

Stronger US dollar benefits exporters

While the strengthened greenback is making waves in the international market, it is a double-edged sword for scores of Vietnam-based exporters and importers.

Reference exchange rate up VND10

Reference exchange rate up VND10

The reference exchange rate on October 12 was set at VND21,997 for one US dollar, up VND10 from the day before.

Reference exchange rate up four VND

Reference exchange rate up four VND

The reference exchange rate for Vietnamese dong against the US dollar was announced at VND21,952 per USD for October 4 morning, up VND1 from the day before.

Public debt set to rise on the back of Brexit turmoil

Public debt set to rise on the back of Brexit turmoil

The depreciation of the Vietnamese dong against the Japanese yen and US dollar, in the wake of Britain’s referendum on its European Union membership, will raise Vietnam’s public debts as the majority of the debt is in these two currencies.