2018 monetary market: a year of success Business

2018 monetary market: a year of success

In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.
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.
SVB enhances capacity to intervene in foreign currency market Business

SVB enhances capacity to intervene in foreign currency market

The recent increase in the VND/USD exchange rate was due to inside and outside impacts such as some poor sessions in the domestic stock market and the USD price rise globally, according to Pham Thanh Ha, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department.
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.
Interest rate likely to stay stable: report Business

Interest rate likely to stay stable: report

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.
Business

Forex market to fluctuate until the end of the year

The exchange rate continued to increase over the last few days though less strongly than at the beginning of October, with the VND/USD selling rate reaching 21,400.

Although the rate is still well under the ceiling level, the trend is expected to attract businesses’ attention, as they have to guard themselves from the risks of exchange rate fluctuation and lending behaviour, especially since foreign currency credit increased by more than 20 percent during the first nine months of 2014.