# Vietnam’s ‘Mini-China’ Days Over Amid Covid-Era Boom

> A Forbes commentary argues that Vietnam's rapid economic swings are driven partly by the State Bank's active management of the dong. It says that an undervalued currency can overheat the economy and amplify those cycles.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/48414-vietnam-s-mini-china-days-over-amid-covid-era-boom
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Frequent policy shifts in dong management add volatility to the currency that Vietnamese feed buyers pay for USD-priced grain and meal imports.

## Sources

- forbes.com: https://www.forbes.com/sites/williampesek/2021/03/31/vietnams-mini-china-days-over-amid-covid-era-boom/

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