# Vietnam dong devalued 1.1 percent in 2016

> 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.

- Date: 2017-01-01 · published 2017-01-01T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/73281-vietnam-dong-devalued-1-1-percent-in-2016
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/vietnam-dong-devalued-11-percent-in-2016-post105149.vnp

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