Remittances, FDI and foreign currency credit improved in recent years partly to help cool the market. However, many experts believe that rates are still difficult with the economic problems in Vietnam in 2010...

From late 2009 until now, the official exchange rate between Vietnam dong against the dollar has been the State Bank to adjust the amplitude and 2 times the published rate. This adjustment makes the Vietnam down about 8.86% against the dollar, the same time, the difference between market rates and official freedom is at once up to U.S. $ 1,000 per contract, had been narrowed .

Particularly in on 9 / 4, common rates of commercial banks announced a U.S. $ 19,080 while the same page on a free market, the selling price at only U.S. $ 19,130 dollars per contract.

According to economic experts, this could be considered a success by management agencies to adjust rates to reflect the direction of close relations of supply and demand, reducing the strain on the foreign exchange market . In recent weeks, rates on both the official and market freedom has decreased.

Of the U.S. dollar has depreciated, according to Dr Vu Dinh Anh, Deputy Director of the Institute research prices (Ministry of Finance) have caused foreign currency supply has improved somewhat in recent years.  "Cash flows from abroad flock to Vietnam in the early stages is relatively large in 2010. High FDI disbursement. Attracting foreign currencies, according to local reports, is not pessimistic as expected. This was not the cash flows flowing into the stock market, real estate or other channels that management agencies can hardly be measured, "Mr. Light said.

One source of foreign currency, according to Light, from the credit system when many businesses to borrow dollars to deal with the situation of high interest loans in Vietnam dong (sometimes 16-20%), many enterprises turned to foreign currency loans with interest rates from 6 to 6.5%.

"This amount is not used to businesses that sell imported on to the domestic market for Vietnam dong. Supply growth contributed to pulling down the exchange rate, "Dr. Light explains.

Dollar down prices might temporarily benefit business but according to Dr Vu Dinh Anh, and many other experts, does not measure the flow of foreign currency into the economy could cause changes in the "surprise" on rates in the future, directly affecting the target macroeconomic stability in Vietnam this year.

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