Dong Turnaround Unlikely

March 2006
Asia Monitor: South East Asia Monitor Volume 1;Mar2006, Vol. 17 Issue 3, p4
Country Report
Country Report
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.


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