» Dollar Price

What are businesses doing in response to the State Bank of Vietnam’s decision to devalue the dong/dollar exchange rate by two percent? VnnNews – What are businesses doing in response to the State Bank of Vietnam’s decision to devalue the dong/dollar exchange rate by two percent? They have to be more cautious when considering...

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Le Xuan Nghia, an economist, said that State Bank policies have distorted the credit market and complicated foreign exchange management. VnnNews – Le Xuan Nghia, Deputy Chairman of the National Finance Supervision Council, told participants in a top level workshop that State Bank policies have distorted the credit market and complicated...

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Late on Tuesday, August 17, SBV announced it would drop the dong’s value against the US dollar rate by two percent. VietNamNet Bridge – Late on Tuesday, August 17, the State Bank of Vietnam (SBV) announced it would drop the dong’s value against the US dollar rate by two percent. The black market adjusted immediately.   US...

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VietNamNet Bridge – The dong/dollar exchange rate in the last few days has increased rapidly VietNamNet Bridge – The dong/dollar exchange rate in the last few days in the black market and the rate quoted by commercial banks both have increased rapidly, surprising many people because the official interbank exchange rate has...

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VnnNews – Businesses are busy buying dollars to pay their debts at the end of the year. VnnNews – Businesses are busy buying dollars to pay their debts at the end of the year. Right now the dollar price is relatively low, but many fear it will become more expensive in the last months of 2010.    Banks join forces to...

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VnnNews – After dropping continuously over the last month, the dollar price has risen once more. VnnNews – After dropping continuously over the last month, the dollar price has risen once more, both on the bank-to-business market and the black market.   Dong/dollar 2010 exchange rate unpredictable Dollar price rises before...

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 After a period of stability at high levels, the dollar price on the black market and the bank-to-business market has decreased thanks to a profuse supply. Dollar price rises before TetWhen the dollar price goes downDollar price increases increase importers’ worries Dollar price slide On March 26, Eximbank quoted the dollar...

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VietNamNet Bridge – The dollar price on the black market unexpectedly increased sharply on February 11, just two days before Tet. Ha Trung street in Hanoi, which is considered a free market for foreign currency was so crowded on February 11 that there was a danger the parked motorbikes outside would further spill onto the streets and...

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VnnNews – Prices will increase on at least 500 consumer products say domestic producers and suppliers. Suppliers of imported canned food, spices and confectionary have sent new price quotes to food shops, informing them that confectionary products imported from Europe will have price increases by 10 percent over the previous Tet.  Meanwhile...

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VnnNews – The central bank expected that allowing gold imports would force down the gold price, but it hasn’t turned out that way.   On November 24-25, gold was selling for 28.6 million dong per tael, an increase of about 33 percent since early June.  Gold price hike blamed on deteriorating dollar/dong exchange...

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