# U.S. Treasury Says Vietnam Deliberately Weakened Currency - Bloomberg

> A U.S. Treasury investigation found Vietnam deliberately undervalued its currency by about 4.7% against the dollar in 2019. The State Bank of Vietnam reportedly bought about $22 billion in foreign exchange, which pushed the dong lower.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/51914-u-s-treasury-says-vietnam-deliberately-weakened-currency-bloomberg
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The finding raises the risk of U.S. trade penalties on Vietnamese exports, which matters for feed-relevant trade flows and the dong's exchange rate outlook.

## Read by commodity

- USDVND: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-08-26/u-s-treasury-says-vietnam-undervalued-its-currency-last-year

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