31st Sea Games - Vietnam 2021 Covid-19 Pandemic
VND set to continue trading stable in 2021
Strong currency inflows from trade surpluses and FDI will support the VND, while an adequate foreign reserve position will also allow the central bank to ease off its foreign currency purchases over the near term.
16:38, 2020/38/27
Vietnam seeks sustainable trade relations with US
Vietnam wants to be the US’s credible and trusted partner, while trust is one of the key factors to help further the Vietnam – US comprehensive partnership.
17:03, 2020/03/26
Vietnam PM dismisses deliberate devaluation of currency
A devaluation of the VND would have serious consequences on macro-economic stability, the trust of investors and the people, resulting in a big loss to the economy, Prime Minister Nguyen Xuan Phuc has said.
14:25, 2020/25/13
Stable outlook expected for Vietnamese dong
While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners.
10:53, 2020/53/05
US initiates probe on Vietnam's alleged currency valuation
The detail of the investigation is scheduled to be made public this week.
14:15, 2020/15/07
USD/VND rate expected to remain stable until year-end
In addition to a weakening US dollar, the ample supply of dollars thanks to Vietnam’s record trade surplus is a major factor that could keep a stable USD/VND exchange rate.
11:57, 2020/57/28
Vietnam gold prices hit all-time high amid Covid-19 resurgence
In the long term, high gold prices could affect prices of other goods, weaken the Vietnamese dong and push inflation, said expert Nguyen Tri Hieu.
13:49, 2020/49/16
Vietnamese dong expected to average stronger in 2020: Fitch
Vietnam’s central bank is expected to pursue a stronger dong, especially as this might weigh on the recovery of the country’s export-oriented manufacturing sector over the coming months.
10:01, 2020/01/01
Vietnamese currency predicted to continue weakening: Fitch
Any currency weakness is likely to be mild so as to avoid possible sanctions from the US given Vietnam's inclusion in the US Treasury’s currency manipulator watch list.
14:46, 2020/46/11
Vietnam's record high forex reserves help ensure economic stability: SBV governor
Vietnam central bank is ready to intervene in the foreign exchange market in case of necessity.
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