Forex rate forecast to remain stable till year-end Business

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
Forex reserves reach highest level to date Business

Forex reserves reach highest level to date

The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.
Economic growth could reach 6.9 percent in 2019: VEPR Business

Economic growth could reach 6.9 percent in 2019: VEPR

Vietnam’s economic growth could reach 6.9 percent in 2019, an increase of 0.1 percent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Vietnam is benefiting from the US-China trade tension
Over 6 billion USD purchased to raise forex reserves Business

Over 6 billion USD purchased to raise forex reserves

The country net purchased over 6 billion USD in 2018 to raise its foreign exchange reserves, the State Bank of Vietnam (SBV) reported at a meeting in Hanoi on January 9 to launch tasks for the banking sector this year.
Top ten outstanding banking events of 2018 Business

Top ten outstanding banking events of 2018

In 2018, the banking sector witnessed many achievements such as increasing foreign exchange reserves, remittances, and profit, but also faced challenges in interest and foreign exchange rates.
Foreign exchange reserves hit 63.5 billion USD Business

Foreign exchange reserves hit 63.5 billion USD

The State Bank of Vietnam’s net purchase of foreign currencies exceeded 11 billion USD in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately 63.5 billion USD.
SBV issues bills to shore forex reserves Business

SBV issues bills to shore forex reserves

The State Bank of Vietnam (SBV) unexpectedly resumed the issue of central bank bills worth 8 trillion VND (350.9 million USD) this week, a move aimed at increasing the nation’s foreign exchange reserves.
Indonesia’s forex reserves in good condition World

Indonesia’s forex reserves in good condition

Bank Indonesia (BI) has reported that the country’s foreign exchange reserves at the end of July increased by 1.6 billion USD to 111.4 billion USD, up from 109.8 billion USD in June this year.