# Vietnam's central bank moves to currency basket peg - Vietnam 2017 - Oxford Business Group

> The State Bank of Vietnam manages the dong against the dollar within a 3% band and has loosened the peg toward market rates since 2015. The article traces the sequence of 2015 devaluations and widened trading bands.

- Date: 2017-04-18 · published 2017-04-18T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/71775-vietnam-s-central-bank-moves-to-currency-basket-peg-vietnam-2017-oxford
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Background on the managed-float regime helps buyers judge how much dong moves are policy-driven rather than market-driven.

## Read by commodity

- USDVND: neutral

## Sources

- oxfordbusinessgroup.com: https://oxfordbusinessgroup.com/reports/vietnam/2017-report/economy/remaining-flexible-the-central-bank-is-steadily-moving-to-a-currency-basket-peg

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