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  1. May 7, 2024 · As the SBV reduced its direct foreign exchange interventions in late 2022, the Vietnamese đồng temporarily depreciated by nearly 9 per cent but pressures abated following the policy rate hikes. At the end of 2023 đồng only depreciated year-on-year less than 3 per cent. Since March 2023, as the macroeconomic and financial stability resumed ...

  2. In November 2009, the Vietnamese government decided to devalue the Vietnamese dong by 5% and at the same time raise interest rates to 8%. This was seen as a move that could destabilize the financial markets in Asia , as economies in the region were competing for an advantage over the European and American markets.

  3. Jul 19, 2021 · WASHINGTON, July 19 (Reuters) - Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S. Treasury to refrain from...

  4. Sep 30, 2022 · The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. The value of the currency is influenced by Vietnam’s trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy.

  5. Oct 26, 2022 · When the SBV last widened the band around its daily dong reference rate on Oct. 17 to 5% from 3% -- which some traders likened to a de facto devaluation -- the currency fell to the weak end...

  6. 5 days ago · Furthermore, the Vietnamese dong (VND) has persistently weakened against the U.S. dollar, losing some 5% in value versus the greenback since the start of this year. The USD/VND exchange rate has stayed elevated at VND25,450 a dollar on the interbank market. The SBV raised its central reference exchange rate by VND4 on Thursday to VND24,258 a ...

  7. Aug 18, 2010 · August 18 2010. Vietnam must have hoped that Tuesday’s devaluation of the dong would stem the downward pressure on the currency, but on Wednesday it was trading even lower on the black...

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