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Sunday, July 14, 2024

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Vietnam dong advances against U.S. dollar

HCMC - The State Bank of Vietnam (SBV) today lowered the reference exchange rate between the Vietnamese dong and the U.S. dollar by VND29 from...

Forex and interest rates on collision course

As credit growth is losing steam, most banks have lowered borrowing rates to reduce the capital cost and enable themselves to cut lending rates...

Forex rate vs interest rate

Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The...

Real interest rate too high

Lately, knock-on effects from the monetary tightening policy designed to fight inflation and maintain the forex rate, coupled with negative impacts from the corporate...

What are implications of a weakening dollar?

The U.S. dollar has steadily dropped against the Vietnamese dong currency. This is good news given that the foreign exchange market normally comes under...

Policy space for forex control

With pressure on the local currency still lingering, while resources and vehicles required to stabilize the forex rate are being exhausted, a big question...

Why a wider trading band

The State Bank of Vietnam (SBV) on October 17, 2022 widened the trading band of the Vietnamese dong currency from 3% to 5% on...

A forex policy that can work

It is probably high time for Vietnam to embrace a more flexible forex policy, possibly a measured floating scheme similar to the approach taken...

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