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  - WN.COM - Environment - 30/Jul 03:00

Exchange rate pressure erodes business profits

The central bank has opted to gradually adjust the central exchange rate, accepting a controlled level of depreciation to absorb external shocks, protect dwindling reserves, and preserve export competitiveness. HÀ NỘI - Sharp fluctuations in exchange rates during the first half of 2025 have significantly raised financial costs for Vietnamese importers and companies with foreign currency loans, cutting into profits across several sectors. Although pressures are expected to persist into the latter half of the year, the State Bank of Việt Nam (SBV) has reaffirmed its commitment to a proactive, flexible monetary policy aiming to manage exchange rates in line with macroeconomic fundamentals and...

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