Topic: devaluation

Mr. Alain Cany, President of the European Chamber of Commerce in Vietnam (EuroCham), told VnEconomy / VET that while devaluations of the VND have increased over the last two weeks, the currency remains strong, is improving, and is holding up better than many other currencies. The State Bank of Vietnam (SBV), he said, has been doing a good job.

According to a State Bank of Vietnam (SBV) survey, although credit institutions believe that credit demand will continue to improve in the second half of 2022, the SBV’s operating point of view is still relatively cautious in the face of inflationary pressure as well as the devaluation of the VND. It emphasized maintaining credit growth in 2022 at 14 per cent.