Exchange Rate

Local currency gains in strength

Properly explained and enforced policies, together with drastic measures to curb dollarization, have helped to strengthen the local currency

US dollar drops against dong

The US dollar has become weaker against the local currency as a number of commercial banks cut the exchange rate because of an oversupply of US dollars at home

Dollar weakens against Vietnam dong

HCMC – The U.S. dollar has become weaker against the local currency as a number of commercial banks cut the exchange rate due to the redundant U.S. dollar supply at home. The similar situation is also seen on the black market.

Dong fall forecast in 3% territory

HCMC – The exchange rate is seen stable this year given ample supply of foreign currency, fluctuating in the 2-3% range, said economic expert Vu Dinh Anh.

Dollar drops ahead of Tet

HCMC – The U.S. dollar on the unofficial market has declined in recent weeks, with the price standing at VND21,200 per dollar at gold shops near Ben Thanh Market in downtown HCMC late last week, down by VND200 against the previous week.

Tourism sector bemoans sharp price hikes

HCMC – A price spike in almost all services from hotels to transport and restaurants and a higher exchange rate at hotels than the official level have sent the cost of inbound tourism surging.

China vows currency moves after US criticism

China on Wednesday pledged to make its exchange rate more "flexible", a day after the United States said the yuan was undervalued

Inter-bank exchange rate slightly up

HCMC – The State Bank of Vietnam on Wednesday revised up the inter-bank foreign exchange rate by another VND10 to VND20,813 to the dollar, prompting commercial banks to quickly raise the trading rate to the cap of VND21,021.

Currency continues to slide against dollar

After more than a month of keeping the interbank exchange rate unchanged, the State Bank of Vietnam on Dec. 14 raised the forex by 10 VND to 20,813 VND per dollar, its highest level this year.

Interbank exchange rate suddenly increased

The State Bank of Vietnam today set a sudden VND-10 increase on the interbank dollar exchange rate after keeping it unchanged for the last 40 days

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From Travel

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