Vietnamese dong forecast to depreciate by 3% against US dollar in 2025

Vietnamese dong forecast to depreciate by 3% against US dollar in 2025

A strong US dollar will still be a major factor influencing the USD/VND exchange rate in 2025, causing the Vietnamese dong to depreciate by about three% against the dollar, experts forecast.

Exchange rate fluctuations bring huge profits to many banks

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.

Banks to issue billions of dollars in Tier-2 bonds in next three years

Banks will need to issue new Tier-2 capital bonds to replace maturing bonds and bolster their capital adequacy ratios, said experts.

Experts optimistic about Vietnam’s economic outlook in 2024: British journal

The UK’s magazine The Banker has run an article highlighting optimistic opinions of experts on Vietnam’s economic outlook in 2024.

Chance for another rate cut this year: experts

A high interest rate environment is a great risk to the competitiveness of Vietnamese enterprises, according to economists.

Big banks hike deposit interest rates

Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game.
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