Economy / Vietnam
Testing Times For Policymakers
March 2008 | Market StrategyBMI View: The sharp plunge in the dong, prompted by central bank intervention to buy US dollars, illustrates the conflicting policy aims of the government. We believe a stronger currency is needed in order to curb inflationary pressures, which are now threatening to destabilise the economy. The government and central bank's policy choices in coming months will be instrumental for our short-term risk rating of Vietnam.
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