Vietnam Pledges Not to Use Forex Policy (VND/USD) for Unfair Trade Advantage

July 2024 · 1 minute read

Vietnam pledged not to use its exchange rate policy to gain a competitive advantage in trade, State Bank Governor Nguyen Thi Hong told US Treasury Secretary Janet Yellen during a meeting in Hanoi.

The State Bank of Vietnam will not “use exchange rate policy to create unfair trade competitive advantages,” Hong said Thursday, according to an emailed statement from the central bank.

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