Vietnamese dong given stable outlook
Thursday, March 14,2019AsemconnectVietnam - The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese renminbi, experts said.
Meanwhile, the interest rate’s gap between the dong and the dollar was maintained at reasonable levels of 1.5-1.7 per cent per year, the analysts said.
On March 12, SBV set the daily reference exchange rate at VND22,949 per dollar, down VND1 from the previous day. With the current trading band of +/- 3 per cent, the ceiling rate applied to commercial banks during the day is VND23,636 per dollar and the floor rate VND22,262.
Vietcombank and BIDV listed the rate unchanged from Monday at VND23,150 per dollar for buying and VND23,250 for selling.
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