Vnd

VND set to continue trading stable in 2021

VND set to continue trading stable in 2021

Strong currency inflows from trade surpluses and FDI will support the VND, while an adequate foreign reserve position will also allow the central bank to ease off its foreign currency purchases over the near term.

Vietnam PM dismisses deliberate devaluation of currency

Vietnam PM dismisses deliberate devaluation of currency

A devaluation of the VND would have serious consequences on macro-economic stability, the trust of investors and the people, resulting in a big loss to the economy, Prime Minister Nguyen Xuan Phuc has said.

Stable outlook expected for Vietnamese dong

Stable outlook expected for Vietnamese dong

While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners.