Central bank looks to up foreign reserves Business

Central bank looks to up foreign reserves

The State Bank of Vietnam’s transaction centre this week raised the reference buying rate for the US dollar by 50 VND to 22,725 VND, revealing its intention to expand foreign reserves.
Inflation forecast to hit 2.6 percent this year Business

Inflation forecast to hit 2.6 percent this year

Vietnam’s inflation this year is forecast to reach 2.6 percent barring fluctuations of prices on world markets and adjustment in the cost of public services, the National Financial Supervisory Commission reported on June 12.
Exchange rate to be stable in 2016 Business

Exchange rate to be stable in 2016

The exchange rate in 2016 will not have big changes in order to ensure macro-economic stability and support economic growth in accordance with the Government’s orientations.
Central rate decreases slightly Business

Central rate decreases slightly

The State Bank of Vietnam (SBV) on February 22 announced the central rate for the Vietnam dong against the US dollar at 21,894 VND per USD, a decrease of 6 VND compared to the late last week.
Central rate raises 11 VND Business

Central rate raises 11 VND

The State Bank of Vietnam (SBV) on February 17 announced the reference rate for the Vietnam dong against the US dollar as 21,895 VND per dollar, up 11 VND compared with the previous day.
Central rate drops 15 VND Business

Central rate drops 15 VND

The State Bank of Vietnam (SBV) on February 5 announced the central rate for the Vietnam dong against the US dollar at 21,861 VND per USD, a drop of 15 VND compared to February 4.
US dollar rate cut to three-month low Business

US dollar rate cut to three-month low

Commercial banks cut the exchange rate of the United States (US) dollar against the dong by 30 VND to 40 VND, bringing it to its lowest level in the past three months.
Forex policy undermining speculation Business

Forex policy undermining speculation

The central bank's new exchange rate management policy has helped reduce the US dollar speculation in the domestic economy, an official said at an online discussion.