The USD/VND exchange rate has seen notable developments in the first month of 2024 when it increased significantly in both official and free markets.
The State Bank of Vietnam (SBV)’s central rate of the Vietnamese đồng against the US dollar was adjusted up 0.7 per cent in January 2024 to VNĐ24,036 per dollar.
The garment and textile sector has set a target of 44 billion USD in export turnover this year, up 10% year-on-year.
In 2024, the forestry industry aims to export forest products to USD 17.5 billion, exceeding the estimated result of 2023 by 21% and exceeding the result of 2022 by 3%....
According to Mr. Nguyen Minh Tuan, CEO of AFA Capital, the rising free USD exchange rate has little impact on the fx market. In 2024, the VND's depreciation range...
While the yen may well remain far more volatile than the euro this year, and probably more volatile than most other currencies, it won’t be the weakest currency in 2024.
Vietnam aims to produce 1.7 million tonnes of commercial tra fish and earn 2 billion USD from exporting the products in 2024, according to Deputy Minister of Agriculture...
In 2023, Vietnam's trade balance kept recording a trade surplus for the 8th consecutive year, with an estimated surplus of nearly 30 billion USD, an increase of nearly...
Despite many difficulties and challenges in 2024, the Vietnamese catfish industry still sets a target of reaching 1.7 million tons of commercial catfish production and...
The forestry sector is set to harvest 17.5 billion USD from exports and 23 million m3 of wood from planted forests in 2024, Trieu Van Luc, Deputy Director of the...
Vietnam’s fruit and vegetable export turnover hit a new record in reaching nearly 5.6 billion USD in 2023, exceeding the plan by 40% and increasing nearly 66% over the...
China will put more pressure on the global dedollarization process with its recent currency exchange agreements worth over 14 billion USD with Saudi Arabia and...
Vietnam had posted a trade surplus of 24.44 billion USD as of November 15, according to data released by the General Statistics Office.
The US economy is streets ahead of its peers, but the US dollar is not. Does this mean that there’s something wrong with the US dollar?
Forecasts for a weaker US dollar through 2024 rest heavily not just on the Fed starting an easing cycle, but also that this cycle either causes, or is consistent with, a...
Vietnam is working to develop safe, concentrated vegetable production areas to ensure traceability associated with processing and consumption markets by 2030 to fully...
Vietnam’s trade surplus hit a record 24.61 billion USD in the first 10 months of this year, 2.6-fold higher than the surplus of 9.56 billion USD posted in the same...
It is future total factor productivity (TFP) that’s key; not what’s happened in the past when it comes to currencies.
The founder of FIDT, Mr. Huynh Minh Tuan, believes that various factors are presently supporting the moderation of the USD/VND exchange rate, and that it will not...
There will always be some in the market eager to front-run what they feel will be a significant fall in the US dollar as the Fed gets into an easing cycle.
According to KB Securities, the USD/VND exchange rate is expected to rise 3.5% year on year by the end of 2023.
Total seafood export turnover in the third quarter of 2023 is only 12% lower than the same period last year, and is also the smallest decrease in the first 3 quarters of...
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