Tag: foreign currencies

It is forecast that Vietnam will attract $18 billion in overseas remittances this year, ranking it eighth in the world and third in the Asia-Pacific region. Thanks to the large volume, supply and demand of foreign currencies will be relatively balanced in the year-end period and help the USD/VND exchange rate remain stable.

Given that Vietnam is no longer being labeled a “currency manipulator” by the US, the State Bank of Vietnam (SBV) will actively buy foreign currencies in the time to come, after being cautious in the first seven months of the year. This will help it have more room to implement policies in support of businesses.