How much value will the dong lose this year?

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VietnamNet English 6 day(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 1 week(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 1 week(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 2 week(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 3 week(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 4 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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Surplus in international payment balance eases anxiety about dollar supply

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VietnamNet English 4 month(s) ago

Surplus in international payment balance eases anxiety about dollar supply

VietNamNet Bridge - Vietnam expects to have a surplus of $5 billion in international payments in 2015, which means there will be enough dollar supply in the domestic market.

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Bank shares climb on dong depreciation

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VietNam News English 8 month(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 8 month(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 8 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 10 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 12 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 14 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 23 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 23 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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