VND slight depreciation believed to be the best choice

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VietnamNet English 5 month(s) ago

VND slight depreciation believed to be the best choice

VietNamNet Bridge – The current factors of the national economy allow to stabilize the dong/dollar exchange rate. However, economists believe that it would be better to depreciate the local currency slightly so as to encourage exports.

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VND depreciation won’t be sharp enough to give people a start

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VietnamNet English 6 month(s) ago

VietNamNet Bridge – No one thinks that the dong would be devaluated by 2 percent by the end of the year. In general, Vietnam would need more than 3 months for such a big currency devaluation.

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Indonesia set to improve economic instability

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VietnamPlus English 8 month(s) ago

Indonesia has announced solutions to push up the biggest Southeast Asian economy following a sharp decline in foreign capital flow triggering its stock market to plummet and its rupiah to depreciate.

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Thai baht falls to the lowest in three years

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VietnamPlus English 8 month(s) ago

The Thai baht fell below 32 against the US dollar, the lowest level in three years, following concerns about the outflow from investors and the stock market also sank at one point to its lowest intraday level since last November.

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Agricultural produce depreciate, Agricultural Minister more worried

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VietnamNet English 10 month(s) ago 1 related news

Agricultural produce depreciate, Agricultural Minister more worried

VietNamNet Bridge - "Whenever farmers have a good crop, the prices for agricultural produces fall. Profit for farmers is little and it is big for others. This is a big issue that makes us think a lot," said Minister of Agriculture and Rural Development -- Cao Duc Phat, at the National Assembly session that closed last week.

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FX reserves rise, c.bank may weaken dong to spur exports

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Báo Tuổi Trẻ English 15 month(s) ago 1 duplicate news

FX reserves rise, c.bank may weaken dong to spur exports

HANOI, Jan 30 – Vietnam's foreign exchange reserves may have risen to between $24 billion and $26 billion and the economy is showing other signs of improvement, but a still sluggish export outlook may prompt the central bank to allow the dong currency to depreciate, economists said on Wednesday.

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QE3 can’t be ignored by Vietnam

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Báo Đầu Tư English 20 month(s) ago

QE3 can’t be ignored by Vietnam

Vietnamese American senior financier Bui Kien Thanh sheds some light on possible implications of the US’ recent quantitative easing stimulus programme (QE3) on Vietnam’s export business and the economy generally.

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Interest rates lower, exchange rate under harder pressure

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VietnamNet English 24 month(s) ago

Interest rates lower, exchange rate under harder pressure

VietNamNet Bridge – The continued interest rate reductions are thought to put a hard pressure on the dong/dollar exchange rate. However, economists do not think that the dong would depreciate sharply this year.

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Vietnam dong will be stabilised in 2012: HSBC

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Báo Dân Trí English 28 month(s) ago

Vietnam dong will be stabilised in 2012: HSBC

The Hongkong and Shanghai Banking Corporation (HSBC) has predicted that the weaker import demand and a controlled weakening of the exchange rate by the SBV will help stabilise the Vietnam dong (VND) in 2012.

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Dollar demand eases, price decreases

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VietnamNet English 28 month(s) ago 1 duplicate news

Dollar demand eases, price decreases

VietNamNet Bridge – The dollar price has unexpectedly decreased in recent days. Experts believe that with the current big gap of 10 percent in the dong and dollar interest rates, it is not likely to see the dong depreciate.

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Vietnam dong gains after trade gap narrows; bonds little changed

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Báo Thanh Niên English 28 month(s) ago 1 related news

Vietnam’s dong strengthened, snapping a three-day decline, after the government said the trade deficit narrowed in January. Bonds held stable.

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Dong depreciates by less than 3pct in 2012: Governor

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Báo Tuổi Trẻ English 29 month(s) ago

Dong depreciates by less than 3pct in 2012: Governor

The dong will not depreciate by more than 2 to 3 percent this year, State Bank of Vietnam Governor Nguyen Van Binh told a press briefing Wednesday.

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Yuan hits all-time high

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Báo Tuổi Trẻ English 30 month(s) ago

Yuan hits all-time high

The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-point by the People's Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.

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National Assembly's report predicts continued dong depreciation

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VietStock FI English 30 month(s) ago 2 related news

The VN dong may continue to depreciate against the US dollar early next year, said a report of the National Assembly Economic Committee.

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National Assembly's report predicts continued dong depreciation

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VietnamNet English 30 month(s) ago 2 related news

National Assembly's report predicts continued dong depreciation

The VN dong may continue to depreciate against the US dollar early next year, said a report of the National Assembly Economic Committee.

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