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The US Treasury's FX report found Vietnam did not manipulate its currency in the four quarters to December 2023. Vietnam's foreign exchange purchases were modest and aimed at rebuilding reserves sold in 2022.
Avoiding a manipulator label removes a potential US trade penalty risk, leaving the dong's trajectory driven mainly by market and dollar factors rather than policy shocks.
en.vietnamplus.vnVietnam+ (VietnamPlusJun 24, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
