State Bank of Vietnam Willing to Pump Dollars to Stabilize Dong

Posted on 05/21/2019


The State Bank of Vietnam, the country’s central bank, disclosed that it is ready to inject U.S. dollars into the market to help stabilize the Dong’s currency exchange rate. In addition, China’s devaluation of the Yuan, since late April 2019, has put stress on the U.S. dollar/dong exchange rate. In a public statement, Pham Thanh […]