The State Bank of Vietnam set the daily reference exchange rate for June 18, the first day of the week, at 22,602 VND/USD, up 7 VND from the last day of previous week.
Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.
The daily reference exchange rate continued the rising trend since the beginning of the week, being set at 22,595 VND/USD on June 15, up 12 VND from the previous day.
The State Bank of Vietnam set the daily reference exchange rate on June 14 at 22,583 VND/USD, up 5 VND from the previous day.
The interest rates were kept stable in the first six months of 2018 while the lending rates for priority fields have decreased.
Prosperous business performance and positive bank share price trends in the stock market are expected to help some commercial banks meet their capital increase deadline as required by the State Bank of Vietnam (SBV).
Saigon-Hanoi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.
The daily reference exchange rate continued the rising trend since the beginning of the week, being set at 22,578 VND/USD on June 13, up 3 VND from the previous day.
“In Vietnam, 72 percent of financial technology (Fintech) firms chose to cooperate with banks in their business and service delivery, instead of entering a direct competition,” according to an official from the State Bank of Vietnam (SBV).
The daily reference exchange rate for June 12 is adjusted up 8 VND from the previous day to 22,575 VND/USD.
The State Bank of Vietnam (SBV) will continue managing monetary policy in an active, cautious and flexible manner and combine with other fiscal and macro-economic policies to control inflation, ensure credit institutions’ liquidity, stabilise monetary and foreign exchange markets.
The State Bank of Vietnam set the daily reference exchange rate at 22,567 VND/USD on June 11, the first day of the week, up 9 VND from the last day of previous week (June 8).
The daily reference exchange rate was adjusted down for the third consecutive day on June 8, set at 22,558 VND/USD, down 4 VND from the previous day.
The daily reference exchange rate was adjusted down for the second day in a row on June 7, set at 22,562 VND/USD, down 5 VND from the previous day.
The State Bank of Vietnam set the daily reference exchange rate at 22,567 VND/USD on June 6, down 4 VND from the previous day.
The State Bank of Vietnam kept the daily reference exchange rate for June 5 unchanged from the previous day at 22,571 VND/USD.
The daily reference exchange rate opened the week going up 5 VND from the end of last week to 22,571 VND/USD on June 4.
The State Bank of Vietnam set the daily reference exchange rate for June 1 at 22,566 VND/USD, down 29 VND from the previous day.
