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The State Bank of Vietnam said the dong devalued 1.1-1.2% in 2016 and reaffirmed a proactive and flexible monetary policy for 2017. The governor noted that the domestic forex market had been stable, unlike other currencies hit by Brexit and the US election.
The dong's modest 2016 decline and stated policy stance point to a stable currency backdrop for Vietnamese importers in 2017. It is a background policy statement with no direct price impact.
en.vietnamplus.vnVietnam+ (VietnamPlusJan 1, 2017Not 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.
