Keyword: "foreign currencies"

The Thai baht has been experiencing a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and global gold prices.

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.

Foreign remittances flowing into Vietnam not only help banks increase profit but also support Vietnam's policy of attracting foreign currencies.

The State Bank of Vietnam (SBV) decided to sharply increase the selling price of the US dollar by 300 VND to 23,700 VND/USD on September 7.

A central bank official said the current USD/VND exchange rate, which has increased by about 2% from the end of 2021, is appropriate as compared to developments in the domestic and foreign markets.

The State Bank of Vietnam (SBV) has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market and the macro-economy.

Vietnam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Vietnam’s outbound tourists, who still prefer paying in cash, could surpass the number of Thailand's in the next decade, according to a report from the tourism consulting firm Outbox Consulting.

Prices of gold, real estate and stocks would be pushed up by the US Fed’s decision to reduce interest rates, a move that tends to make the US dollar lose value against other foreign currencies.

A circular amending and supplementing several provisions of Circular 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies in the territory of Vietnam became effective on May 13.

Leaders of the State Bank of Vietnam (SBV) and commercial banks have asked the government to promptly handle capital increase for State-owned commercial banks.

The State Bank of Vietnam set the daily reference exchange rate on December 6 at 22,762 VND per USD, up 5 VND from the previous day (December 5), which is the highest rate since the beginning of the year.

Indonesia has spent 11.9 trillion rupiah (about 796.7 million USD) in total through several market operations to reduce the pressure from depreciated value of the national currency against the USD, the governor of the country’s central bank said on September 5.

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Vietnam (SBV) does not extend a circular regulating the loans.

Adoption of appropriate policies by the State Bank of Vietnam (SBV) has helped it buy a large amount of US dollar to increase the nation’s foreign reserves, industry insiders said.

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will allow non-residents legally present in Vietnam to make term deposits in both VND and foreign currencies.

Consumer lending by the end of May rose 29.7 percent against the end of 2016, the National Financial Supervisory Commission (NFSC) has said.

Vietnam’s foreign exchange reserves, exclusive of gold, reached a record high of 38 billion USD in mid-June, said State Bank of Vietnam Governor Le Minh Hung.

Many credit institutions are optimistic about their business this year thanks to a growing economy and the ability of businesses to take loans.

The State Bank of Vietnam (SBV) has announced the central rate for the VND and the USD at 21,896 VND per one USD for January 4.