Vietnamplus

Though some banks increased their deposit interest rates early this month, it is not a common trend and the rate currently is still at the lowest level it has been in many years.

The State Bank of Vietnam set the daily reference exchange rate at 23,151 VND per USD on March 2, up 6 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23,144 VND per USD on February 4, down 1 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23,147 VND per USD on January 25, up 10 VND from the last working of previous week (January 22).

The State Bank of Vietnam set the daily reference exchange rate at 23,144 VND per USD on January 21, down 4 VND from the previous day.

The US Trade Representative (USTR), in its report released on January 15 on findings in the Section 301 investigation of Vietnam’s acts, policies, and practices related to currency valuation, did not mention or recommend the imposition of tariff or any sanction measures on Vietnam’s exports, the Ministry of Industry and Trade said on January 16.

Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.

Vietnamese Ambassador to the US Ha Kim Ngoc has held a phone talk with Congressman Ted Yoho, a senior member of the House Foreign Affairs Subcommittee on Asia, the Pacific and Nonproliferation (116th tenure), on the occasion of his office at the House of Representatives ending.

Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.

Minister of Industry and Trade Tran Tuan Anh, who is also Chairman of the Vietnam - US Trade and Investment Framework Agreement (TIFA) Council, has held phone talks with US Trade Representative (USTR) Robert Lighthizer to discuss bilateral economic and trade issues.

Thailand’s GDP growth could drop below the 3.2 percent baseline projection due to lower foreign arrivals amidst uncertainty regarding COVID-19 vaccine efficiency, and reduced fiscal stimulus, according to the latest minute from the Bank of Thailand’s Monetary Policy Committee (MPC).

The State Bank of Vietnam set the daily reference exchange rate at 23,117 VND per USD on January 7, down 6 VND from the previous day.

The foreign ministers of Vietnam and the US have pledged to enhance cooperation between the two countries on the basis of respecting independence, sovereignty, territorial integrity and political regime of each other.

The US Treasury Department’s labelling of Vietnam as a currency manipulator is groundless and certainly significantly affects the psychology of the Vietnamese business community, especially those operating in the import and export field, according to Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI).

The State Bank of Vietnam set the daily reference exchange rate at 23,148 VND per USD on December 29, down 1 VND from the previous day.

Thailand’s cabinet on December 22 approved the inflation target range of 1-3 percent for 2021 as set by the Finance Ministry and the Bank of Thailand’s Monetary Policy Committee (MPC).

The State Bank of Vietnam set the daily reference exchange rate at 23,146 VND per USD on December 11, unchanged from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23,140 VND per USD on December 9, down 4 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23,147 VND per USD on December 3, down 5 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23,152 VND per USD on December 1, down 3 VND from the previous day (November 30).