SBV: Exchange rate remains unchanged

The State Bank of Vietnam (SBV) affirmed that it will make no change to the USD/VND exchange rate in a document sent to the media on November 18.

An overall market review conducted by the bank revealed that the currency supply and demand remained stable as no large transactions had made in the market.

In the first ten months of this year, the country ran a trade surplus of 2.36 billion USD and the overall balance of payments had a high surplus of over 11 billion USD.

In addition, FDI disbursement and remittances remained higher than the same period last year and they are expected to increase in the coming time.

The central bank pledged to continue to regulate monetary policy tools efficiently with a view to safeguarding the foreign exchange market’s stability.

Source: Vietnamplus

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