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Economic growth could reach 6.9% in 2019: VEPR

Economic growth could reach 6.9% in 2019: VEPR

Vietnam’s economic growth could reach 6.9 per cent in 2019, an increase of 0.1 per cent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Vietnam is benefiting from the US-China trade war.

VND stable as USD rises and yuan is weakening

VND stable as USD rises and yuan is weakening

The VND remained resilient against external factors including the stronger greenback and the weakened Chinese yuan, with a forecast for the dong to devalue by some 1% by the end of the year to short up exports.

VND expected to see end-of-year dip

VND expected to see end-of-year dip

The Vietnam dong is expected to depreciate by two percentage points at the end of 2017, ending a period of stability that lasted throughout the year.

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.

Experts call to raise USD deposit rate

Experts call to raise USD deposit rate

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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.

Apparel exports reach US$12.6 bln in 6 months

Apparel exports reach US$12.6 bln in 6 months

Vietnam’s garment and textile exports in the first half of this year reached US$12.6 billion, a year on year increase of 4.72% and accounted for 41% of the sector’s target for 2016.

New landmark in US-Cuba relations

New landmark in US-Cuba relations

VOV.VN - US President Barack Obama’s historic visit to Cuba is expected to end half a century of hostilities between the two countries and redefine US policies on Cuba.

Vietnam weighs ceiling rate future

Vietnam weighs ceiling rate future

Vietnam’s monetary policies resemble China’s in many respects. Two prime examples are the control of capital flows and market interest rates, including the application of ceiling deposit interest rates.

State Bank adjusts USD exchange rate

State Bank adjusts USD exchange rate

The State Bank of Vietnam (SBV) Operation Centre adjusted the reference exchange rate between the Vietnamese dong (VND) and the USD up by VND90 on the morning of December 15.

CNY addition to IMF currency basket has little impact on Vietnam

CNY addition to IMF currency basket has little impact on Vietnam

The recent inclusion of the Chinese yuan (CNY) to the reserve currency basket of the International Monetary Fund (IMF) will not have any significant impacts on Vietnam’s economy, experts said, adding that it takes at least six months or even a year to see any impacts.

Bank warns on USD speculation

Bank warns on USD speculation

The State Bank of Vietnam has issued an urgent circular to curb speculation and hoarding of US dollars by enterprises.

Vietnam devalues for third time this year

Vietnam devalues for third time this year

(VOV) - The State Bank of Vietnam (SBV) raised its USD/VND reference rate by 1% to 21,890/USD on August 19, the third adjustment to-date this year.

China yuan cut, rekindles fear of currency war

China yuan cut, rekindles fear of currency war

(VOV) - China’s central bank last week cut its currency reference rate for three straight consecutive days sending the world’s financial markets into a tailspin and causing the VND/USD exchange rate to surge to VND22,200 per US dollar.

Speculation blamed for forex volatility

Speculation blamed for forex volatility

As the greenback has been soaring against the dong in recent weeks, financial commentators have suggested this may be a result of dollar speculation in the forex market.

Vietnam: dipping into reserves?

Vietnam: dipping into reserves?

(VOV) - The Vietnamese government has proposed plans to borrow from its foreign exchange reserves after struggling to issue debt in the bond markets – seven bond auctions failed in May alone.
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