Strategy: US decides the Vietnamese dong is undervalued
26/08/2020 - 14:39
Strategy — US Treasury determines VND is undervalued
The US Treasury has determined that the Vietnam dong was deliberately undervalued by about 4.7% against the US dollar in 2019 (Source: Reuters). US authorities appear to have determined that the SBV’s purchase of US$22bn of FX reserves last year constitutes a specific action to decrease the currency rate.