Banks are becoming net purchasers of  foreign currencies, creating a good base for the forex market despite exporters’ increased demand for foreign currencies at the year-end. Based on State Bank data, in the final week of September and the first week of October, the exchange rate moved slightly upward as credit institutions actively bought foreign currencies to meet customers’ demand. At the... 

REUTERS – The euro traded higher against the U.S. dollar on Thursday after the European Central Bank unveiled a new and potentially unlimited bond-buying program to stem the euro zone debt crisis. Investors have been anticipating the plan for weeks and the details European Central Bank President Mario Draghi announced at a news conference were largely in line with expectations. Draghi gave few... 

The average interest rate on the inter-bank market continued to decline in the first week of August, according to the State Bank of Vietnam. The average interest rates for transactions in dong decreased in terms of less than one month, three months and nine months or longer. Overnight, three-week and 9-month terms saw a decrease of 1.04, 1.16 and 1.75 percentage points per annum respectively. The... 

The U.S. dollar since the year’s beginning has fallen by 0.6% against Vietnam dong, and it is forecast that the exchange rate will remain stable in the rest of the year. Exchange rate goes down A recent report by the Vietnam Industry and Trade Information Center under the Ministry of Industry and Trade shows that the exchange rate between the U.S. dollar and Vietnam dong remained stable in July,... 

The US dollar in July devalued some 0.6 percent against the Vietnam dong, said an information center under the Ministry of Industry and Trade. The foreign exchange rate between the Vietnam dong and the US dollar in July remained stable, after a strong correction in late May, said the Information Center for Industry and Trade. The bid and ask prices for the greenback were at around VND20,870 per dollar... 

The crystal balls are out to look at the dong-US dollar exchange rate situation in 2012’s second half. The dong-dollar exchange rate was stable in 2012’s first half which was considered a central bank success. However, whether this will continue is causing hot debates among industry players. Many industry players assumed the exchange rate should not be kept stable in such a long time and should... 

Vietnam dong has big advantages over other investment channels at this moment. Keeping dong is the top choice for Vietnamese people because this allows to preserve their assets. Investors believe that in the context of the bad performance of the world and national economies, the liquidity, not the expected profit, should be considered as the most important thing for them to consider when making investment... 

Some bankers have urged the State Bank of Vietnam to regulate the dong/dollar exchange rate in a flexible way to ensure the harmonization of different economic goals, instead of trying to stabilize the exchange rate somehow. The dong/dollar exchange rate has been fluctuating regularly since early June. When the dollar price increased slightly in early June, this did not catch the attention of the public,... 

The foreign currency market has heated up again when credit institutions begin collecting dollars. The pressure on foreign currency reserves and dong/dollar exchange rate is believed to be harder in the time to come. Foreign banks collecting dollars According to the Governor of the State Bank of Vietnam Nguyen Van Binh, the central bank has bought nine billion dollars since the beginning of 2011,... 

The U.S. dollar/Vietnam dong exchange rate has remained stable over the past months but it will go up in the last quarter of the year, according to speakers at a roundtable of the CEO Club in HCMC on Wednesday. Speaking at the gathering, deputy general director Pham Hong Hai of HSBC Vietnam said it is unlikely for the rate to maintain the current stability in the near future. Hai attributed his prediction...