Vietnamplus

Ten of the 11 goods categories have seen price increases in October, raising the consumer price index (CPI) by 0.33 percent from the previous month.

The State Bank of Vietnam set the daily reference exchange rate on October 30 at 22,724 VND per USD, up 2 VND from the previous day.

Ten of the 11 goods categories have seen price increases in October, raising the consumer price index (CPI) by 0.33 percent from the previous month, according to the General Statistics Office (GSO).

The State Bank of Vietnam adjusted the daily reference exchange rate down for the second consecutive day on October 11, setting the rate at 22,719 VND/USD, down 2 VND from the previous day (October 10).

The State Bank of Vietnam continued to adjust the daily reference exchange rate down for the third straight day, setting the rate at 22,674 VND/USD on August 22, 5 VND lower than the rate on the previous day.

The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the USD/VND exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.

The State Bank of Vietnam (SBV)’s revision of the USD selling price up to 23,273 VND on July 23, a strong increase from the rate it had kept from the month’s beginning, is a move suitable with domestic and foreign markets, an SBV official said.

The State Bank of Vietnam (SBV) may sell part of its foreign reserves to stabilise the monetary market if the exchange rate continues to climb, the Saigon Securities Incorporation (SSI) forecast.

The State Bank of Vietnam set the daily reference exchange rate at 22,472 VND/USD on April 10, a reduction of 3 VND from the rate on the previous day.

Vietnam’s foreign currency reserves hit approximate 48 billion USD thanks to the country’s stable macroeconomic conditions and strong influx of exports, FDI and remittance.

The State Bank of Vietnam set the daily reference VND/USD exchange rate at 22,443 VND/USD on December 14, down 7 VND from the rate on December 13.

The State Bank of Vietnam set the daily reference VND/USD exchange rate at 22,450 VND/USD on December 12, down 4 VND from the rate on December 11.

The State Bank of Vietnam kept the daily reference exchange rate for VND/USD on August 8 unchanged from the previous day at 22,440 VND.

The State Bank of Vietnam (SBV) on June 29 adjusted its reference VND/USD exchange rate down by 1 VND from the previous day to 22,432 VND/USD.

The prospect of stable interest rate in 2017 is being supported by macro factors and policies such as reduced pressure in exchange rate and drastic measures in tackling bad debt, the National Financial Supervisory Commission said.

The State Bank of Vietnam (SBV) on January 29 announced its reference rate of 21,881 VND per US dollar.

The maximum interest rate paid to individuals depositing USD in local banks will be zero percent per year from December 18, the central bank announced.

The price of the US dollar (USD) at commercial banks cooled down on August 27 after tumultuous spikes in the last few days.