August 10, 2022 | 10:30

USD/VND exchange rate stable again

As of the end of July, the USD/VND exchange rate had increased 2.4 per cent since the beginning of the year. Analysts believe the exchange rate has returned to stability after the State Bank of Vietnam’s strong intervention in selling about $13 billion, or 11 per cent of the country’s foreign exchange reserves. There are four factors that will help the VND resist the strong pressure from the USD.

USD/VND exchange rate stable again
Photo: Illustration
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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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