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Vietnam's Currency Woes: Battling Depreciation amid Global Economic Headwinds

Vietnam's Currency Woes: Battling Depreciation amid Global Economic Headwinds

Exchange rates cannot be sacrificed for low interest rates, says deputy governor
August 05, 2025
The State Bank of Vietnam Actively Pursues Measures to Restore Saigon Commercial Joint Stock Bank Operations

The State Bank of Vietnam Actively Pursues Measures to Restore Saigon Commercial Joint Stock Bank Operations

Deputy Governor Dao Minh Tu discusses State Bank's efforts to stabilize SCB and maintain financial system integrity at first-quarter press conference.
August 05, 2025
Vietnam Central Bank Intervenes to Stabilize Dong Amid Exchange Rate Surge

Vietnam Central Bank Intervenes to Stabilize Dong Amid Exchange Rate Surge

The State Bank of Vietnam has begun selling US dollars to curb a rapidly appreciating exchange rate, offering relief to banks with negative foreign currency positions.
August 05, 2025

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Chairman of the Editorial Board:

Dr. Chu Van Lam

Editor-in-Chief:

Chu Thi Hanh

General Managing Editor:

Mr. Dao Quang Binh


LICENCE No. 272/GP-BTTTT DATED JUNE 26, 2020 BY THE MINISTRY OF INFORMATION AND COMMUNICATIONS

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