Dong Under Renewed Pressure

January 2011
Asia Monitor: South East Asia Monitor Volume 1;Jan2011, Vol. 22 Issue 1, p1
Country Report
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 deficit indicated that Vietnam's foreign reserves would force another currency devaluation. It notes that central bank is losing credibility after failing to anchor market expectations on the exchange rate.


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