Vietnamese currency under bigger pressure in 2020


  • Vietnam
  • Tuesday, 21 Jan 2020

Dollar supply source is forecast to decline in the domestic market this year, given by weaker foreign direct investment (FDI) inflows and exports.- VN/ANN

HANOI (Vietnam News/ANN): After being relatively stable last year, the foreign exchange rate of the Vietnamese đồng against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.

Finance expert Nguyễn Trí Hiếu told Vietnam News that pressure on the exchange rate would be bigger this year as a greenback supply decline in the domestic market is forecast, driven by weaker foreign direct investment (FDI) inflows and exports.

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