Vietnam’s currency is on a floating peg that is managed by the State Bank of Vietnam. This means that the currency does not always behave as it might in other parts of the world. This section monitors Vietnam currency news including changes in monetary and fiscal policy, the exchange rate, and State Bank policies and objectives.

Vietnam back on US currency manipulation monitoring list

the-shiv November 8, 2023

That said, the US Treasury did say that none of its trade partners appeared to be manipulating their currencies, according to Reuters. Countries make the currency manipulation watch the meet two of the following three criteria: They have a trade surplus of US$15 billion or more. They have a current

Calls to allow greater devaluation of the Vietnamese dong

the-shiv September 29, 2023

Dr Huan Huu Nguyen, from the Ho Chi Minh City University of Economics, has told Donah Nhan Vietnam that the VND should be allowed to fluctuate within a greater range and that Vietnam should accept a short-term devaluation. Currently, the dong operates in a trading band of 5 percent either

State Bank of Vietnam issues more treasury bills, total hits US$2 billion

the-shiv September 27, 2023

The State Bank of Vietnam completed its fourth bond issue in the past two weeks to the tune of another VND 20 trillion (US$829 million), Donah Nhan Vietnam is reporting. This brings the total value of bonds issued since the start of last week to VND 50 trillion (US$2 billion).

Vietnam state media confirms T-bills issued to support local currency

the-shiv September 27, 2023

If there was any doubt as to why the State Bank of Vietnam has been issuing treasury bills, this article in state media outlet Vietnam News should clear it up. “The SBV has also been making its own moves to address the rising exchange rate including the recent issuance of

Mixed views on whether State Bank of Vietnam will cut interest rates again this year

the-shiv September 26, 2023

Doanh Nhan Vietnam has compiled a range of views on whether or not the State Bank of Vietnam (SBV) will or even can reduce interest rates before the end of the year. Speculation is varied with UOB and MB Securities predicting further cuts and Rong Viet Securities, Maybank Securities, and

More on the US$411 million of treasury bonds issued last week

the-shiv September 24, 2023

The Investor is carrying an article with interviews with several economists regarding the US$411 million treasury bond issuance last week. Can Van Luc, chief economist at state-controlled bank BIDV, said it was normal to keep interbank interest rates at appropriate levels. Le Xuan Nghia, a member of the National Financial

Vietnam treasury bills raise relieve pressure on VND

the-shiv September 22, 2023

The State Bank of Vietnam has announced that it issued treasury bills to the value of VND 10 trillion (US$411 million) yesterday, The Investor is reporting. The online publication says this is ‘related to exchange rate developments in recent days.’ Pressure has been mounting on the dong in recent months