The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/dong exchange rate stable to avoid increased...
The central bank is expected to devalue the Vietnamese dong against the
US dollar by 2-3 per cent in the second half of this year to support
exports,
according to a Vietinbank report.
The interest rate for US dollar deposits would be reduced by 0.75 percentage point to 1.25 per cent per year as of tomorrow, according to a press
release from the State Bank of Vietnam (SBV).
