Monetary Tightening To Curb Growth

April 2008
Asia Monitor: South East Asia Monitor Volume 1;Apr2008, Vol. 19 Issue 4, p1
Country Report
The article reports on the implementation of monetary tightening measures to address the threat of rapidly increasing inflation in Vietnam. The State Bank of Vietnam (SBV) has been commissioned to use monetary policy to manage a gradual depreciation of the dong vis-à-vis the U.S. dollar to support the fledgling export industry. The sharp rise in consumer price inflation in the second half of 2007 had, however, raised the awareness of the government to monetary conditions.


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