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.


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