exchange rate band

Illustrative photo

Economic stability will require serious adjustment

Economic instability across the entire globe is bound to affect Vietnam as well. Although economic data for Vietnam shows that difficulties have been overcome, but the fact remains that scores of businesses are still struggling. 
Adjustment of Vietnam dong's daily trading has certain effect on production

Adjustment of Vietnam dong's daily trading has certain effect on production

The State Bank of Vietnam's official decision to widen the USD/VND spot exchange rate band from +/-3 percent to +/-5 percent effective from October 17 continued to put pressure on the Vietnam dong to depreciate and the US dollar to appreciate. The expansion of this band has a certain effect on production and business activities and the operation of the economy in the coming time.