If the forex rate faces higher pressure to an extent that it can cause macroeconomic instability, what other steps can the monetary regulator take to intervene in the forex market besides draining Vietnam dong from the economy? Forex rate on steady increase Data from the General Statistics Office (GSO) showed Vietnam gained a trade surplus of US$21.68 billion in January-September, a three-fold increase over the year earlier. If a deficit of US$6.7 billion in the service sector is factored into the trade balance, Vietnam still enjoyed a trade surplus of US$14.98 billion in the period, which is a record high. The amount of foreign investment in Vietnam as of September 20, 2023 (comprising fresh FDI, additional funds into active FDI projects, and portfolio investment) totaled US$20.2 billion, rising 7.7% year-on-year, according to GSO. It is noted that portfolio investment alone in the period rose by a staggering 47% year-on-year to US$4.83 billion. The amount of FDI disbursement in the year to end-September also inched up by 2.2% to US$15.9 billion. As such, the forex inflow from trade surplus, foreign portfolio investment and FDI disbursement totaled US$35.72 billion in the nine months. Such a figure excludes inbound remittance that has always […]
If the forex rate faces higher pressure to an extent that it can cause macroeconomic instability, what other steps can the monetary regulator take to intervene in the forex market besides draining Vietnam dong from the economy? Forex rate on steady increase Data from the General Statistics Office (GSO) showed Vietnam gained a trade surplus of US$21.68 billion in January-September, a three-fold increase over the year earlier. If a deficit of US$6.7 billion in the service sector is factored into the trade balance, Vietnam still enjoyed a trade surplus of US$14.98 billion in the period, which is a record high. The amount of foreign investment in Vietnam as of September 20, 2023 (comprising fresh FDI, additional funds into active FDI projects, and portfolio investment) totaled US$20.2 billion, rising 7.7% year-on-year, according to GSO. It is noted that portfolio investment alone in the period rose by a staggering 47% year-on-year to US$4.83 billion. The amount of FDI disbursement in the year to end-September also inched up by 2.2% to US$15.9 billion. As such, the forex inflow from trade surplus, foreign portfolio investment and FDI disbursement totaled US$35.72 billion in the nine months. Such a figure excludes inbound remittance that has always […]
If the forex rate faces higher pressure to an extent that it can cause macroeconomic instability, what other steps can the monetary regulator take to intervene in the forex market besides draining Vietnam dong from the economy? Forex rate on steady increase Data from the General Statistics Office (GSO) showed Vietnam gained a trade surplus of US$21.68 billion in January-September, a three-fold increase over the year earlier. If a deficit of US$6.7 billion in the service sector is factored into the trade balance, Vietnam still enjoyed a trade surplus of US$14.98 billion in the period, which is a record high. The amount of foreign investment in Vietnam as of September 20, 2023 (comprising fresh FDI, additional funds into active FDI projects, and portfolio investment) totaled US$20.2 billion, rising 7.7% year-on-year, according to GSO. It is noted that portfolio investment alone in the period rose by a staggering 47% year-on-year to US$4.83 billion. The amount of FDI disbursement in the year to end-September also inched up by 2.2% to US$15.9 billion. As such, the forex inflow from trade surplus, foreign portfolio investment and FDI disbursement totaled US$35.72 billion in the nine months. Such a figure excludes inbound remittance that has always […]
HCMC – Vietnam posted a trade surplus of US$3.6 billion in January, showed data of the General Statistics Office.
Exports amounted to over US$25 billion...
HCMC – A strong export performance sent Vietnam’s trade surplus to US$11.2 billion in 2022, according to the General Statistics Office.
The country’s export revenue...
HCMC – The Project Management Board No.6 under the Ministry of Transport held a contract signing ceremony for three construction packages of the Vung...
HCMC – The agricultural sector’s trade surplus in 2022 is estimated to reach US$8.5 billion, improving 30% against the year-ago figure, according to statistics...
HCMC – The country's export revenue had amounted to US$700 billion in the year to mid-December, surpassing 2021's record high of US$668.5 billion, according...