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Vietnam has reasons not to sharply devalue the dong
VietNamNet Bridge - If Vietnam devalues the dong sharply, regulatory agencies will find it difficult to implement the plan to slash medium- and long-term bank loan interest rates, and the public debt will become worse.
SBV widens forex trading band. What’s next?
VietNamNet Bridge - Economists have repeatedly urged the State Bank of Vietnam (SBV) to devalue the dong in response to the Chinese yuan devaluation. SBV, in its latest move, shows signs that it will continue stabilizing the dong.
