# Vietnam doesn’t manipulate currency: US Treasury

> 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.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30098-vietnam-doesn-t-manipulate-currency-us-treasury
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/vietnam-doesnt-manipulate-currency-us-treasury-post289069.vnp

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.