Vietnamese Dong (VND)

The Times of India  Jul 17  Comment 
VIETNAM-RATES/ (SNAPSHOT):SNAPSHOT-Vietnam dong, gold and interbank rates - July 17
The Times of India  Mar 24  Comment 
VIETNAM-RATES/ (SNAPSHOT):SNAPSHOT-Vietnam dong, gold and interbank rates - March 24
The Times of India  Mar 23  Comment 
VIETNAM-RATES/ (SNAPSHOT):SNAPSHOT-Vietnam dong, gold and interbank rates - March 23
Forex News  Dec 24  Comment 
The Vietnamese dong was little changed against the US dollar and fell versus the euro today after consumer inflation accelerated this month and the interbank rate of the nation’s central bank increased.(...)Read the rest of Vietnamese...
The Hindu Business Line  May 7  Comment 
Vietnam’s benchmark VN Index rose 0.76 per cent by the break on Thursday with shares in all the six listed banks gaining after the central bank allowed a small depreciation of the dong to support...
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...


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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