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SBV: Exchange rate remains unchanged

The State Bank of Vietnam (SBV) affirmed that it will make no change to the USD/VND exchange rate in a document sent to the media on November 18.
The State Bank of Vietnam (SBV) affirmed that it will make no change tothe USD/VND exchange rate in a document sent to the media on November18.

An overall market review conducted by the bank revealedthat the currency supply and demand remained stable as no largetransactions had made in the market.

In the first ten monthsof this year, the country ran a trade surplus of 2.36 billion USD andthe overall balance of payments had a high surplus of over 11 billionUSD.

In addition, FDI disbursement and remittances remainedhigher than the same period last year and they are expected to increasein the coming time.

The central bank pledged to continue toregulate monetary policy tools efficiently with a view to safeguardingthe foreign exchange market’s stability.-VNA
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