Vietnam Lowers Reference Exchange Rate by 0.02% to Stabilize Economy
The State Bank of Vietnam has lowered its daily reference exchange rate by 3 VND to 25,627 VND/USD, operating within a ±5% band. This move signals efforts to stabilize the economy and manage inflation. While industrial production shows robust growth, a slight dip in international rankings presents a challenge.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Vietnam Sets 2027 State Budget Revenue Target Amid Projected 4.5% GDP Deficit
Vietnam's National Assembly has set the state budget revenue target for 2027 at approximately 3,334 trillion VND. With projected expenditures of around 4,074 trillion VND, a budget deficit equivalent to 4.5% of GDP is anticipated, emphasizing efficiency and responsibility in budget execution.
- Vietnam Amends Social Insurance Law: Enhancing Beneficiary Rights and Investment Risk Control
Vietnam's National Assembly is deliberating amendments to the Social Insurance Law, with calls to protect workers from delayed or evaded contributions, strengthen investment risk management for the social insurance fund, and ensure equitable benefit distribution. The importance of timely contributions for healthcare access from 2027 was also highlighted.
- Vietnam's Agricultural Exports Adapt to Evolving International Regulations
Vietnam is strengthening its production and management systems to comply with new, stricter export regulations imposed by key markets like Europe and the US. The widespread adoption of 'product codes' and 'packaging facility codes' for traceability, along with adherence to pesticide residue standards, is becoming critical.
- Vietnam Accelerates Global Value Chain Integration as Trade Exceeds $1 Trillion
Vietnam's total import-export turnover surpassed $1 trillion for the first time, with registered FDI reaching record highs. The National Assembly emphasized strengthening industry-university-research collaboration and the crucial role of Vietnamese firms in global value chains, particularly in semiconductors.