Vietnamese Dong (VND)

QUOTE AND NEWS
Forex News  Jun 17  Comment 
The Vietnamese dong fell today, but central bank officials are certain that the currency’s exchange rate should remain stable over the longer term. One of the reasons for such outlook is the limited Vietnam’s exposure to the Chinese...
Forex News  Sep 11  Comment 
The Vietnamese dong dipped today together with government bonds, but managed to recover later. Economists were speculating that credit growth in the country is accelerating, improving prospects for the economy.(...)Read the rest of...
Forex News  Jun 17  Comment 
The Vietnamese dong was stable today after the central bank said that it had intervened to support the currency that was continuously falling.(...)Read the rest of Vietnamese Dong Stable After Central Bank Intervenes (60 words) Posted on Forex...
Forex News  May 22  Comment 
The Vietnamese dong rallied today as central bank Deputy Governor Nguyen Dong Tien said that an interest rate cut is unlikely to happen this year amid the ongoing banking reform.(...)Read the rest of Vietnamese Dong Rallies as Interest Rate...
Forex News  Feb 18  Comment 
The Vietnamese dong, which is one of the least valued currency in the world in terms of monetary units (after the currencies of Iran and Somalia), was little changed over the week, closing at 20,825 per US dollar. The currency has...
Business Times - Singapore  Apr 2  Comment 
RYOBI Kiso Holdings said its subsidiary, Raffles Piling Vietnam Co Ltd, and its joint venture (JV) partner, Phu Cuong Co Ltd, have won a 448.8 billion Vietnamese dong (S$26.7 million) contract, awarded by Bitexco Group of Companies.
OilVoice  Feb 23  Comment 
Salamander Energy announce the successful appraisal of the Dong Mun discovery with the Dong Mun3 sidetrack quotDM3STquot in Block L2743 onshore Northeast Thailand. The DM3ST well was dril
Japan Today  Jul 24  Comment 
Marubeni Corp and Dong Nai Food Industrial Corp (DOFICO), a company fully owned by the Dong Nai Province, situated adjacent to the east of Ho Chi Minh City, have announced plans to jointly operate DOFICO's feed milling segment, and to establish an...
JCN Network  Jul 21  Comment 
Marubeni Corporation and Dong Nai Food (DOFICO), a company fully owned by the Dong Nai Province, have annouced plans to jointly operate DOFICO's feed milling segment, and to establish an integrated food production and supply system centered...




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The Dong is the Currency of Vietnam. Its significance in the forex markets has been solidified by the Vietnamese Government's focus on a burgeoning import/export economy. The government has pushed to lower the value of the Dong in the hopes of pushing up exports and fostering export oriented economic growth (also referred to as export led development).

The Vietnamese Dong is currently pegged to the US dollar. For that reason the Vietnamese Central Bank is continuously forced to intervene on the forex market to keep its currency stable. This denotes the political will to set a stable economic environment and to keep Vietnamese exports competitive.

The chart at left shows the USD/VND currency pair; the number of Vietnamese Dong equivalent to 1 U.S. Dollar (USD).

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