Modestly devalued VND is expected for new year

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Báo Đầu Tư English 6 month(s) ago

The dong may be devalued by up to 4-5 per cent in 2017, but experts say that such a scenario would not necessarily help the country’s exports or be of significant concern to foreign investment.

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Fed rate hike could pressure exchange rate

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Báo Đầu Tư English 7 month(s) ago

In a long anticipated move, the US Federal Reserve decided Wednesday to raise the benchmark interest rate by a quarter percentage point to 0.5 per cent, marking the first hike since December 2015 and only the second in a decade.

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Dong devaluation cause for concern

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Báo Đầu Tư English 14 month(s) ago 1 duplicate news

Dong devaluation cause for concern

With a double dose of the Federal Reserve’s possible rate hikes combined with the Chinese yuan’s 1.5 per cent retreat in May, there is concern it could trigger the dong’s further devaluation and have an unkind impact on the local economy as a whole.

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VN shares likely to trade flat this week

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Báo Đầu Tư English 20 month(s) ago 2 related news

VN shares likely to trade flat this week

Vietnamese shares will likely fluctuate around 570 points as foreign exchange rates continue to put pressure on the stock market after the US central bank raised its benchmark interest rate by 25 basis points on Wednesday, Maritime Securities Incorporation (MSI) wrote in a report.

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China's foreign reserves at nearly three-year low

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Báo Thanh Niên English 21 month(s) ago

China's foreign reserves at nearly three-year low

China's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed Monday, with analysts blaming "record" capital outflow on expectations the yuan will depreciate.

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What if the VND continues to depreciate?

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VietnamNet English 24 month(s) ago

What if the VND continues to depreciate?

VietNamNet Bridge - At least two financial institutions have predicted that the dong will continue depreciating against the US dollar.

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Exporters undercut as global rivals benefit more from currency effects

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VOV News English 24 month(s) ago 1 related news

Exporters undercut as global rivals benefit more from currency effects

Export earnings from Vietnamese farm commodities have fallen after many countries let their currencies depreciate significantly, giving their exporters more ability to undercut rivals.

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Vietnamese exporters undercut as global rivals benefit more from currency effects

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Báo Thanh Niên English 24 month(s) ago 1 related news

Vietnamese exporters undercut as global rivals benefit more from currency effects

Export earnings from Vietnamese farm commodities have fallen after many countries let their currencies depreciate significantly, giving their exporters more ability to undercut rivals.

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Currency stabilises following devaluation

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VOV News English 24 month(s) ago

Currency stabilises following devaluation

In the last two weeks the dong-dollar exchange rate has stabilised after a brief frisson caused by the State Bank of Vietnam (SBV)'s decision to depreciate the currency after China did so.

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How much value will the dong lose this year?

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VietnamNet English 25 month(s) ago 1 duplicate news 2 related news

How much value will the dong lose this year?

VietNamNet Bridge - Some international institutions have predicted that the dong will depreciate by 5 percent this year, while economists have urged the government to devalue the currency by more than 10 percent.

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Vietnam devalues dong by 1%, widens trading bank to 3%

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Báo Tuổi Trẻ English 25 month(s) ago 1 duplicate news 2 related news

Vietnam devalues dong by 1%, widens trading bank to 3%

The State Bank of Vietnam (SBV), the country’s central bank, on Wednesday depreciated the dong by one percent against the U.S. dollar in the latest move to cope with the devaluation of the Chinese yuan last week.

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Vietnam widens dollar/dong trading band to 3 pct

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Báo Thanh Niên English 25 month(s) ago 2 related news

Vietnam widens dollar/dong trading band to 3 pct

Vietnam has widened the trading band for interbank dollar/dong transactions to 3 percent from 2 percent, the second move in a week, to protect the country's export position and maintain stability in the foreign exchange market, the central bank said on Wednesday.

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China's yuan move could reignite Asian currency wars

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Báo Thanh Niên English 25 month(s) ago 3 related news

China's yuan move could reignite Asian currency wars

China’s surprise devaluation of the yuan couldn’t have come at a worse time for some Asian currencies.

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Vietnam’s forex reserves sufficient, dong won’t depreciate further

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VietnamNet English 25 month(s) ago 1 related news

Vietnam’s forex reserves sufficient, dong won’t depreciate further

VietNamNet Bridge - The watchdog agency has reassured the public, saying that the dong/dollar exchange rate will not lose more than 2 percent of value by the end of the year and that the foreign exchange reserves have reached $37 billion.

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Vietnam dong devaluation inevitable, good for economy

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Báo Thanh Niên English 28 month(s) ago

Vietnam dong devaluation inevitable, good for economy

Economists have hailed the State Bank of Vietnam’s decision to depreciate the dong, saying the move will help cool down the forex market and decrease the trade deficit, which has been growing since early this year.

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