Government To Allow Dong Depreciation In 2008-09

December 2008
Asia Monitor: South East Asia Monitor Volume 1;Dec2008, Vol. 19 Issue 12, p4
Country Report
The article reports on the exchange-rate policy of depreciating Vietnamese dong to boost the export sector, which is at risk from a slowdown in U.S. demand. It states that while growth concerns will dominate the State Bank of Vietnam's (SBV) exchange-rate policy in 2009, it is believed monetary concerns will return to the forefront in 2010 as growth gains traction on a recovering of the global economy.


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