The State Bank says to maintain the foreign exchange rate

Thu Minh

Mar 26, 2015 / 06:08 PM

At a meeting on March 25, Deputy Governor of the State Bank Nguyen Thi Hong confirmed that the State Bank will not adjust the Vietnamese dong-US dollar exchange rate despite an increase in the price of USD on the world market.

The Deputy Governor said that based on the domestic and international currency and macro-economic developments, maintaining the current exchange rate will be more profitable than adjusting the rate.
The decision was made after thorough considerations of import-export and foreign debt, she stated.
She added that the foreign exchange market in Vietnam remains stable with transactions worth around 1.1-1.2 billion USD per day.

Illustrative image

On the afternoon of March 25, the exchange rate remained below 21,500 VND to 1 USD, well below the ceiling rate of 21,673 VND as regulated by the State Bank.
The State Bank pledged to continue regulating monetary policy tools and implementing other necessary measures to stabilise the foreign exchange market.

Reactions:

Rất hay

Thích

Giải trí

Cần cải thiện

Trending

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

14 Dec, 02:17 AM

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

13 Dec, 04:40 PM

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.

12 Dec, 04:05 PM

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom will transfer technology, localize nuclear products in Vietnam and support the development of the country’s nuclear science and industry for peaceful purposes.

12 Dec, 03:38 PM

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi is pushing forward a wide range of innovation-driven reforms and investment initiatives as it works to become one of the world’s most attractive destinations for high-tech and strategic investors.

11 Dec, 10:02 PM

Vietnam mulls sharp rise in casino entry fee for locals

Such higher rates are intended to discourage individuals without adequate financial capacity from entering casinos.

09 Dec, 03:24 PM

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

With trade turnover nearing the US$900-billion mark, Vietnam enters 2026 with renewed confidence despite global volatility, rising trade barriers and shifting supply chains. Deputy Director of the Import–Export Department Tran Thanh Hai has outlined the drivers of this growth and the priorities for sustaining momentum next year.

08 Dec, 10:00 PM

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam recorded its highest-ever trade performance in January-November as import–export turnover surged, driven by strong export growth and a continued trade surplus.

08 Dec, 06:22 PM