Bank shares climb on dong depreciation

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VietNam News English 3 week(s) ago 1 related news

Bank shares continued to rise yesterday after the State Bank increased the US dollar exchange rate by 1 per cent from VND21,246 per dollar to VND21,458, boosting both bourses.

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Vietnam to let dong depreciate 1 pct vs dollar

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Báo Thanh Niên English 3 week(s) ago 1 related news

Vietnam to let dong depreciate 1 pct vs dollar

Vietnam will weaken its dong currency by 1 percent against the dollar from Wednesday on interbank transactions to help stabilise the foreign exchange market, the central bank said.

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Vietnam to keep dollar/dong rate moves within 2 pct in 2015

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Báo Thanh Niên English 1 month(s) ago

Vietnam to keep dollar/dong rate moves within 2 pct in 2015

Vietnam will keep the dollar/dong exchange rate within a 2-percent band in 2015, similar to this year, to ensure stability on the country's foreign exchange market, the central bank governor said on Wednesday.

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Fewer Russian tourists as foreign currencies depreciate against US dollar

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VietnamNet English 2 month(s) ago

Fewer Russian tourists as foreign currencies depreciate against US dollar

VietNamNet Bridge – Travel agencies complain that it is difficult to attract foreign travelers from some markets because of the depreciation of many foreign currencies against the dollar, which has made tours more expensive.

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Thai GDP predicted to grow 4-5 percent in 2015

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VietnamPlus English 4 month(s) ago

Thailand ’s Fiscal Policy Office has predicted the country’s economy will grow 4-5 percent in 2015 although export growth may remain slow.

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US dollar expected to appreciate against dong

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VietnamNet English 7 month(s) ago

US dollar expected to appreciate against dong

VietNamNet Bridge - Financial institutions believe the dong will depreciate further in the last months of the year after losing one percent of value since mid-June.

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VND slight depreciation believed to be the best choice

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VietnamNet English 15 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 16 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 18 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 18 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 20 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 26 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 30 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 34 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 38 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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