Devaluation Not Biting On Trade Deficit

March 2010
Asia Monitor: South East Asia Monitor Volume 1;Mar2010, Vol. 21 Issue 3, p5
Country Report
The article reports that devaluation has not done much in solving the problem of underlying balance of payments. According to the macroeconomic data, the three percent devaluation effected by the Vietnamese authorities reduces the trade deficit. It states that a monthly trade deficit consistently above two billion dollars results in a rundown of scarce foreign exchange reserves of Vietnam.


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