Increased Confidence In the Dong Only Temporary

August 2010
Asia Monitor: South East Asia Monitor Volume 1;Aug2010, Vol. 21 Issue 8, p5
Country Report
The article presents a prediction on the performance of Vietnamese dong in 2010. It says that the increased confidence on dong in the second quarter of 2010 was due to inflation decline during the period, with exchange rate closing at 18,544 dongs per one U.S. dollar on June 10, 2010. It states that dong will fall again in the half of 2010 as inflation will rise in double digits and trade deficit widens. It adds that Vietnam is likely to impose another devaluation to address the issue.


Related Articles

  • Dong Under Renewed Pressure.  // Asia Monitor: South East Asia Monitor Volume 1;Jan2011, Vol. 22 Issue 1, p1 

    The article presents the journal's forecast concerning the Vietnamese dong. It states that the dong is under renewed inflationary pressure following an acceleration of consumer price inflation in September 2010 which undermines confidence in the currency. It adds that evidences such as trade...

  • Exchange Rates: Recent Developments.  // Vietnam Country Monitor;Nov2011, p10 

    The article focuses on the economic developments in exchange rates in Vietnam as of November 2011. It says that dong marginally appreciated over the dollar from April to June 201, even though economic activities on global growth and the debt issues in Eurozone have affected market confidence...

  • Malawi: Devaluation To Have Impact On Multiple Fronts.  // Emerging Markets Monitor;5/14/2012, Vol. 18 Issue 7, p22 

    The article presents an outlook for the Malawi kwacha (MWK) for 2012. As of May 7, MWK value has declined by 50%. It expects an upward pressure in inflation as a result of a steep decline in the value of the MWK. It notes that Malawi will benefit from currency reforms in the long term. Also...

  • Bangladesh: Turnaround For The Taka.  // Emerging Markets Monitor;9/18/2006, Vol. 12 Issue 23, p10 

    The article reports on the exchange rate of the Bangladesh taka as of September 2006. It has a stable rate since April 2006 despite trade deficit and high inflation. It is expected that the inflation rate in the country will remain high in 2007 as a result of political risks surrounding the...

  • Country Intelligence: Vietnam.  // Vietnam Country Monitor;May2013, p1 

    The article reports on the economic conditions in Vietnam as of 2011-2013, along with forecast for the future. Foreign direct investment (FDI) inflows into Vietnam have reportedly fallen by 4.9 percent to 10.5 billion dollars in 2012. After the currency devaluation in February 2011, import...

  • VND: Keeping A Stable Outlook, But Risks Remain.  // Emerging Markets Monitor;9/12/2011, Vol. 17 Issue 23, p8 

    The article examines the performance of the Vietnamese economy for 2011 from the perspective of the Vietnamese dong. As of September 8, 2011, the Vietnamese dong (VND) was valued at VND20,832/U.S. dollar, reflecting a 1.2 per cent decrease since the start of August that ignited speculations of...

  • Currency Forecast.  // Vietnam Tourism Report;Q4 2010, p34 

    The article presents Vietnam currency forecast for 2010-2011. Business Monitor International (BMI) expect further weakness for the dong during the forecast period as inflation remains a problem. As a result of the weaker dong, Vietnam's trade deficit is expected to narrow in the short term. The...

  • Currency Crises and Collapses. Dornbusch, Rudiger; Goldfajn, Ilan; Vald�s, Rodrigo O. // Brookings Papers on Economic Activity;1995, Issue 2, p219 

    This article examines the common elements in the collapse of the Mexican peso and several other currency crises in the last quarter of the 20th century. The paper emphasizes four points. First, that the real exchange rate is a key relative price. When it becomes too high it hurts growth,...

  • NO RESERVATIONS. Steyn, Greta // Finweek;11/25/2010, p78 

    The author comments on the stand of Reserve Bank Governor Gill Marcus regarding the advantage of fixing the rand exchange rate to the U.S. dollar in South Africa. She cites the assessment of Governor Marcus that fixing a nominal exchange rate does not imply real exchange rate stability, however,...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics