Từ khóa: #VND/USD exchange rate

Gold, stocks, dollar exchange rates at banks drop simultaneously

Gold, stocks, dollar exchange rates at banks drop simultaneously

After the US Federal Reserve (FED) announced to raise the benchmark interest rate by 75 basis points, or 0.75 percentage points, to 3.75-4 percent per annum as expected, gold, stocks, and US dollars at banks fell on November 3. Only the US dollar price on the free market jumped sharply.
Commercial banks raise US dollar price to as high as VND24,888 per dollar

Commercial banks raise US dollar price to as high as VND24,888 per dollar

Although the State Bank of Vietnam (SBV) has increased the operating interest rates by 0.5-1 percent from October 25 to reduce the pressure on the USD/VND exchange rate, which has increased sharply over the past time, the US dollar price in commercial banks is listed at the ceiling price of VND24,888 per dollar, within the range of +/-5 percent according to the regulations of the State Bank. 
Rising inflation causing concern for export businesses

Rising inflation causing concern for export businesses

The current appreciation of the US dollar will certainly help export businesses to benefit more, however, behind these benefits, there are still many rising concerns such as rising global inflation. It also seems that the pressure is becoming quite high on exporters for deliveries in the last months of the year.

Monopoly in gold bar production proposed to be eliminated

Monopoly in gold bar production proposed to be eliminated

Mr. Huynh Trung Khanh, Vice Chairman of the Vietnam Gold Trading Association, said that because the gap between domestic and world gold prices is too high, SJC-gold buyers bear many risks, especially when domestic and international gold prices have not been connected yet.
Illustrative Image (Source: VNA)

Rising trade deficit puts pressure on exchange rate

The VND/USD exchange rate in 2017 is predicted to suffer the greatest pressure from the demand of foreign currency due to the increasing trade deficit, according to the National Financial Supervisory Commission (NFSC).