Reference exchange rate up VND18 on Sept. 6

Reference exchange rate up VND18 on Sept. 6

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND23,245 per dollar on September 6, up VND18 from the previous day.
USD/VND exchange rate increases by 2 percent against 2021

USD/VND exchange rate increases by 2 percent against 2021

Deputy Director General in charge of the State Bank  of Vietnam (SBV)’s Monetary Policy Department Pham Chi Quang has just said that the US Federal Reserve (the Fed) has raised interest rates three times in a row in the first six months of 2022. Against this background, the USD/VND exchange rate from the beginning of 2022 to now has increased by about 2 percent compared to the end of 2021.
Central bank stands ready to pump more foreign currencies to market: official

Central bank stands ready to pump more foreign currencies to market: official

The State Bank of Vietnam (SBV) will increase its interference in the foreign currency market and stay ready to pump money into the market more frequently, thus creating favorable conditions for credit institutions to meet the demand for legal foreign currencies from organizations and individuals, according to Vice Director of the SBV’s Monetary Policy Department Pham Chi Quang.

Banks depreciated the dollar against the đồng by some VND15-40 per dollar on Friday.  (Photo: VNA/VNS)

USD/VND rate remains under control in 2018

Commercial banks have consecutively lowered the value of the US dollar against the Vietnamese dong during the final days of 2018, helping the USD/VND exchange rate close the year under control.