Despite the high devaluation of the Vietnamese dong against the US dollar after Tet (Lunar New Year) holidays, experts believe the exchange rate will remain stable this year.
By deciding to devalue dong by 1 per cent on Thursday, the State Bank of
Viet Nam (SBV) has not left any room for foreign exchange adjustment
this year. Economist Dr Nguyen Dinh Anh talked with Viet Nam News Agency about possible...
The latest 1 per cent devaluation of the Vietnamese dong should not lead to aggressive weakness in the currency, HSBC noted in its Global Research report released on Thursday.
A healthier level of foreign currency reserves eased pressure on the State Bank of Viet Nam to devalue the dong, according to an ANZ economics released late last week.
The Government will consider increasing the foreign ownership cap for
non-State-owned enterprises, said Minister and chairman of the
Government Office Vu Duc Dam.