Tags: vnd/usd exchange rate

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.

State Bank stabilizes money market

State Bank stabilizes money market

VOV.VN - Vietnam’s forex market has been shaken over the past few days. The VND/USD exchange rate has increased, prompting the State Bank of Vietnam to take steps to stabilize the financial market and Vietnam’s economy.

SBV devalues dong to underpin exports, growth

SBV devalues dong to underpin exports, growth

(VOV) - The State Bank of Vietnam (SBV) adjusted the VND/USD exchange rate up by one percent effective January 7 in a move aimed at buttressing exports and economic growth by increasing the purchasing power of the US dollar in the domestic market.