Vietnam Reiterates Dong Policy After Manipulator Label Dropped
Mai Ngoc Chau, 17 April 2021
Vietnam’s central bank reiterated its exchange-rate management policy was in line with other economic goals after the U.S. Treasury Department removed the nation from its currency manipulator list.
The State Bank of Vietnam said its monetary policies are not meant “to create an unfair competitive advantage in international trade” for Vietnam, and are intended to control inflation and support growth, according to a statement on Saturday.
“The State Bank has applied measures to gradually improve the flexibility of the exchange rates while maintaining the foreign currency market in a stable manner,” it said. “The U.S. Treasury Department has recorded positive developments in Vietnam’s foreign currency market and the central bank’s performances.” Continue reading “Article: Vietnam Reiterates Dong Policy After Manipulator Label Dropped”
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