Keyword: "exchange rates"

27 Result

Illustrative photo (Photo: VNA)

Foreign exchange rates to cool down at year end: UOB experts

The Vietnam dong is expected to fall to 25,600 VND per US dollar in the second quarter of 2024, and then to 24,800 VND in the final quarter of the year and 24,600 VND in the first quarter of next year, according to experts from the United Overseas Bank (UOB).

SBV Governor Nguyen Thi Hong speaks at the question-and-answer event of the 15th National Assembly’s 8th session on November 11. (Photo: VNA)

SBV curbs foreign currency hoarding, dollarisation

The State Bank of Vietnam (SBV) has applied a 0% interest rate on foreign currency deposits to address foreign exchange and exchange rate volatility, Governor Nguyen Thi Hong explained during a question-and-answer event at the 15th National Assembly’s 8th session.

Strong measures needed to cool down exchange rates

Strong measures needed to cool down exchange rates

To control the exchange rate, experts suggest that regulatory agencies should absorb liquidity through treasury bills and other operations to raise interbank interest rates, and sell foreign exchange reserves.

Current exchange rate fluctuations fall within a range controlled by the State Bank of Vietnam. (Photo: VietnamPlus)

Exchange rates remain within controlled range: ADB expert

Current exchange rate fluctuations still fall within the controlled range of the State Bank of Vietnam, without necessitating usage of foreign exchange reserves for intervention, Nguyen Ba Hung, Chief Economist of the Asian Development Bank (ADB) in Vietnam, has said.

Keeping monetary stability amid FED interest rate hikes

Keeping monetary stability amid FED interest rate hikes

Amid the US Federal Reserve (FED)’s continuous increases of interest rates to cope with inflation, the most important task for Vietnam now is to keep macro-economic stability, with monetary stability being the core, economic experts have said.
Central bank to keep proactive, flexible monetary policy

Central bank to keep proactive, flexible monetary policy

For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.