Currency approval boosts SBV policy
December 16, 2021 | 14:00
Reports from the US Treasury Department reaffirming that Vietnam is not manipulating its currency for trade advantage is expected to benefit the stock and banking system, while inflation risks are said to be under control thanks to the central bank’s flexible mechanisms.
Implications of the US Treasury’s change of heart
April 28, 2021 | 08:00
In the first semi-annual report on macroeconomic and foreign exchange policies of major trading partners of the United States under the Biden administration, the US Treasury Department noted that “there is insufficient evidence” to conclude that Vietnam and Switzerland manipulate their exchange rates to prevent an effective balance of payment adjustments or gain unfair competitive advantage in international trade.
Added engagement quells manipulator tag
April 27, 2021 | 16:36
Last week, the Biden administration reversed the US Treasury Department’s decision from December to label Vietnam a “currency manipulator”. That reversal effectively eliminated the risk that the United States will impose stiff tariffs on Vietnam for the time being.
Mobile Version