Loading

ANALYSIS & RESEARCH

Home PageThe analysisStrategy: US decides the Vietnamese dong is undervalued

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.

Share