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.