SBV holds forex rate as market steadies
An official from the State bank of Vietnam (SBV) told local media on
August 21 that there will be no adjustment of the foreign exchange
(forex) rate at present.
An official from the State bank of Vietnam (SBV) told local media on
August 21 that there will be no adjustment of the foreign exchange
(forex) rate at present.
He said that forex market shows good liquidity and the demand for dollars has been met.
Earlier, the SBV said on its website that the forex market is becoming stable while the exchange rates at commercial banks and on the free market tend to decrease.
It said it will continue closely monitoring the forex market so that it could also take measures to stabilise the market if necessary. Two months ago, the central bank devaluated the Vietnamese dong by 1 percent.
On August 21, some commercial banks raised dollar prices, offering from 21,060-21,075 VND for buying and 21,120-21,140 VND for selling.-VNA
He said that forex market shows good liquidity and the demand for dollars has been met.
Earlier, the SBV said on its website that the forex market is becoming stable while the exchange rates at commercial banks and on the free market tend to decrease.
It said it will continue closely monitoring the forex market so that it could also take measures to stabilise the market if necessary. Two months ago, the central bank devaluated the Vietnamese dong by 1 percent.
On August 21, some commercial banks raised dollar prices, offering from 21,060-21,075 VND for buying and 21,120-21,140 VND for selling.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
Business
Airlines requested to increase flights during upcoming holiday
The Civil Aviation Authority of Vietnam (CAAV) has asked Vietnam's airlines to consider increasing the number of flights from Hanoi and HCM City to localities on April 27, and from localities back to Hanoi and HCM City on May 1 to meet the demand for air transportation during the April 30 - May 1 holidays.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, according to statistics of the General Department of Customs.
Business
Vietnam seeks to remove obstacles in upgrade of securities market
The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
