Dong Still Under Pressure

September 2009
Asia Monitor: South East Asia Monitor Volume 1;Sep2009, Vol. 20 Issue 9, p5
Country Report
The article forecasts the performance of Vietnamese dong. It is projected that the currency will depreciate later of 2009, but highlight upside risks to 19,000 Vietnamese dong per one U.S. dollar. It is also adjusted the forecast for end-2010 from 19,000 Vietnamese dong per one U.S. dollar to 19,000 Vietnamese dong per one U.S. dollar, as inflationary pressures building and the central bank being given a stronger mandate for inflation-targeting in 2010.


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