Keyword: "monetary policy"

The Monetary Authority of Singapore will "reduce slightly the slope" of the dollar trading band, which it said will ensure medium-term price stability.

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.

Remittances to Ho Chi Minh City in 2024 reached over 9.5 billion USD, up 0.9% year-on-year, the State Bank of Vietnam (SBV)'s branch in the city announced on January 16.

Singapore-based United Overseas Bank (UOB) has revised its forecast for Vietnam’s 2025 GDP growth to 7% from its previous projection of 6.6%, following the strong momentum from 2024.

The US Dollar Index (DXY) is projected to stay high and persist longer than anticipated throughout 2025, exerting continued pressure on the Vietnamese dong exchange rate.

A strong US dollar will still be a major factor influencing the USD/VND exchange rate in 2025, causing the Vietnamese dong to depreciate by about three% against the dollar, experts forecast.

The Monetary Authority of Singapore (MAS) on October 14 decided to keep unchanged its monetary policy stance, as its economy improved in the third quarter of this year.

An economist of the Asian Development Bank (ADB) has emphasised the need to strengthen the resilience of the Vietnamese economy against natural disasters given the devastating consequences of Typhoon Yagi, the strongest to hit Vietnam in decades, and its aftermath.

Vietnam’s economy showed robust recovery in the first half of 2024 and continues to maintain momentum despite global uncertainty.

The State Bank of Vietnam (SBV) has relaxed monetary measures in the context of sharp declines in the foreign exchange rate in recent days.

Prime Minister Pham Minh Chinh on August 5 requested the continued implementation of a proactive, flexible, timely, effective monetary policy which has proven its efficiency in the past time.

Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4% in the first half of this year.

Prime Minister Pham Minh Chinh on June 1 demanded efforts be invested in renewing traditional growth drivers and strongly promoting new ones.

The International Monetary Fund (IMF) predicted that the recovery in manufacturing, tourism and consumer-facing services will create momentum for Singapore’s economy to grow by 2.1% in 2024, a pickup from 1.1% last year.

The Monetary Authority of Singapore (MAS) on April 12 announced that it has decided to keep its monetary policy unchanged, in line with expectations, as inflation and economic growth in the city-state moderated.

Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.

The central bank is focused on encouraging credit institutions to cut expenses, simplify credit granting procedures, and reduce lending interest rates to support the economy, an official has said.

Assessing Vietnam's monetary policy, HSBC experts expect the State Bank of Vietnam (SBV) will keep the policy interest rate unchanged at 4.5% throughout 2024.

The Vietnamese economy did recover in 2023, Dr. Can Van Luc affirmed, describing quarter-over-quarter growth, rebounded sectors, and impressive results in economic integration as three highlights last year.

Prime Minister Pham Minh Chinh on January 5 outlined tasks for all-level authorities, sectors, and localities to fulfill in 2024, which he called a year for making breakthroughs that holds special significance to the successful implementation of the five-year plan 2021 - 2025.