Economy / Vietnam
If you would like to subscribe to South East Asia Monitor Vol 1 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 1 please click on the trial link below.
Dong Depreciation Becoming Unsustainable
April 2007 | Currency ForecastSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to South East Asia Monitor Vol 1 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 1 please click on the trial link below.
BMI View: The Vietnamese government and the State Bank of Vietnam (SBV) have been pursuing a crawling peg policy in the past eleven years, letting the dong gradually depreciate against the US dollar at a steady rate in order to bolster the export sector. However, rising FDI, remittances and equity inflows have are making this policy unsustainable.