25 C
Ho Chi Minh City
Thursday, October 23, 2025

spot_img

AUTHOR NAME

Dat Thanh

Dat Thanh

3295 POSTS
0 COMMENTS

The exchange rate pressure eases

In the first half of this year, the exchange rate was a major concern for investors and regulators but now the pressure has eased, with the U.S. dollar expected to fall further against the local dong currency in the rest of the year External and internal pressures on exchange rate subside On August 10, 2024, Vietcombank quoted the selling price at VND25,270 per dollar, down from the May 2024 peak of over VND25,470. The dollar quoted by Vietcombank has since the beginning of the year appreciated by 3.5% against the Vietnam dong, down from the 4.4% rise recorded in May 2024. In the informal market, the current rate has also risen by about 3.5% by now compared to 5.1% at the end of June 2024. Since early July 2024 the exchange rate pressure from both internal and external factors has gradually eased. The main external factor has been the drop in the U.S. Dollar Index (DXY) to around 103 now from over 106 in June 2024. This decline is attributed to the increasing possibility that the U.S. Federal Reserve (Fed) could cut interest rates for the first time in September 2024 and that the rate cuts for 2024 will be […]
To read more, please click here.

Caution is advised

The collection of toll fees from publicly-financed expressways may start from October 1, 2024. This matter has been on and off for several years....

China remains Vietnam’s largest farm produce export market

HCMC – China remains the largest market for Vietnam's agricultural products, reported the Vietnam News Agency. Durian and dragon fruit are among the most popular...

Heavy rain puts Quang Ninh at risk of floods, landslides

HCMC – Incessant heavy rainfall in Quang Ninh Province in northern Vietnam has significantly increased the risk of flash floods and landslides, the local...

HCMC eyes green transport to combat air pollution

HCMC – HCMC wants to promote electric vehicles and develop modern public transport as key strategies to combat traffic-induced air pollution. The HCMC People’s Council,...

Bac Ninh seizes over 5,000 smuggled auto parts

HCMC – Market surveillance authorities in Bac Ninh Province have seized over 5,000 auto parts suspected of being smuggled and fined a local business...

Fuel prices drop after six hikes

HCMC – Domestic fuel retail prices were revised down from 3:00 p.m. today, August 22, following six consecutive hikes, according to an announcement jointly...

Latest news

spot_img