On May 29 the State Bank of Viet Nam adjusted the dong-US dollar exchange rate, weakening the Vietnamese currency by VND9 to VND22,605 per dollar, which represented the greenback’s biggest rise so far this year.
The Federal Reserve’s decision on Wednesday to increase interest rates by 0.25 percentage points - to what is now between 0.75 to 1 per cent - has made the Vietnamese dong-US dollar exchange rate decrease and elevated domestic gold prices...
Experts predicted more fluctuations in foreign exchange rates from now
till year-end because of higher domestic demand and clarified that this
was normal.
