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Tag: exchange rate
USD/VND rate expected to remain stable until year-end
In addition to a weakening US dollar, the ample supply of dollars thanks to Vietnam’s record trade surplus is a major factor that could keep a stable USD/VND exchange rate.
Trade deficit poses little impacts on USD/VND exchange rate: Expert
Prospect of possible trade deficit in upcoming months and the impacts from current Covid-19 pandemic in Vietnam would pose pressure on the USD/VND exchange rate.
Central bank raises forex rate fourth time in 2022
The move is aimed to ease the pressure of a stronger US dollar on international markets.