TITLE

Dong Turnaround Unlikely

PUB. DATE
March 2006
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Mar2006, Vol. 17 Issue 3, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that state authorities of Vietnam have intervened in the market to sustain the competitive rate of dong, the currency of Vietnam, to the U.S. dollar. Dong has continued to decrease since 2002 but is expected to increase in 2006. In order to strengthen the value of dong, a more flexible exchange rate, rising foreign direct investment and increased equity flows must be attained.
ACCESSION #
19827619

 

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