exchange rate

Need to effectively use tools to prevent exchange rate risks in import and export field

10:32 | 02/04/2023 Import-Export

VCN - The exchange rate pressure in 2023 is expected to be weaker than last year, especially in the context of tightening monetary policies reaching the final phase. However, fluctuations in the economy and financial markets are still very unpredictable,

Solve the exchange rate problem, ensure harmony for import and export policies

09:45 | 13/02/2023 Import-Export

VCN - Vietnam's currency, although under a lot of pressure from global economic and political uncertainties, is still among the least depreciated group compared to the region and the world. This continues to pose a problem of exchange rate management in 2

Keeping the exchange rate stable to control inflation and lower interest rates

09:44 | 13/02/2023 Finance

VCN - In an interview with Customs News, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance, Academy of Finance, said that with the gradual reduction of inflation pressure, the world USD index in a downward trend will help the do

Failure to keep the exchange rate will cause difficulties for import and export

11:12 | 16/01/2023 Import-Export

The USD/VND exchange rate has increased by about 3.81% compared to the end of 2021, but the devaluation of VND against USD is lower than that of other currencies in the world.

Exchange rate is no longer a concern

09:17 | 02/01/2023 Import-Export

VCN - According to the report on the socio-economic situation in 11 months of 2022 by the General Statistics Office, the USD index in November 2022 increased by 8.71% over the same period in 2021; average in 11 months of 2022 increased by 1.83% compared t

Not just exchange rates, businesses are concerned about interest rates and liquidity

09:03 | 30/11/2022 Import-Export

VCN - The recent sharp fluctuation of the exchange has hit businesses badly due to increased costs. However, businesses still face a double whammy from liquidity and interest rates.

Policy rate hike unavoidable to curb exchange rate, inflation risks

17:52 | 06/11/2022 Finance

Though the State Bank of Việt Nam (SBV) has hiked interest rates twice in a month, experts agreed the SBV has no other choice but to take strong measures to curb upward pressure on the USD/VNĐ exchange rate and inflation.

If the exchange rate is not flexible enough, it will be difficult for imports and exports to compete

18:25 | 27/10/2022 Import-Export

State Bank's decision to adjust the spot exchange rate band between USD and VND from ±3% to ±5% is consistent with the goal of stabilizing the foreign exchange market

Import and export turnover no longer depends on the exchange rate

13:59 | 24/10/2022 Import-Export

In an interview with Customs News, Dr. Nguyen Duc Do said that import and export in Vietnam no longer depend as much on the exchange rate, but must keep the foreign exchange market and interest rates stable

State Bank adjusts USD/VND exchange rate band to 5%

15:05 | 17/10/2022 Finance

The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.

Before the FED raises interest rates, the exchange rate is under great pressure

10:14 | 30/09/2022 Import-Export

VCN - The US Federal Reserve (FED) is conducting a policy meeting in September, analysts are sure that the FED will decide to raise interest rates for the 5th time this year. With this development, the foreign currency market continued to gain momentum.

Importers, exporters impacted by exchange rate volatility

15:37 | 02/08/2022 Import-Export

The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade (MoIT).

Pressure to increase the exchange rate, will the State Bank take action?

09:23 | 29/06/2022 Import-Export

VCN - Pham Chi Quang, Deputy Director General in charge of the Monetary Policy Department, State Bank of Vietnam (SBV), said that the agency will increase the frequency of selling foreign currency interventions.

High exchange rate and worries of import-export enterprises

13:35 | 29/05/2022 Import-Export

VCN - In the foreign currency market in recent days, the USD/VND exchange rate has fluctuated sharply. This poses a problem of competitive pressure on Vietnam's import-export enterprises.

Exchange rate sees flexible fluctuations

09:37 | 24/05/2022 Finance

VCN – Speaking to Customs News, Assoc. Prof. Dr. Ngo Tri Long, former director of the Price and Market Research Institute (Ministry of Finance), said that the foreign exchange rate in Vietnam is flexibly managed and supported by many "buffers" of the econ