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 USD/VND rate remains under strong pressure towards the end of this year as a result of the contrasting monetary policies of the United States and Vietnam, while the...
Kis Vietnam expected that the USD/VND exchange rate would maintain stability in the near future.
According to experts, the USD/VND rate will experience strong pressure in 2023, with domestic inflation and the Fed's rate hike having a big impact on its volatility.
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