yuan devaluation

Update news yuan devaluation

VND remains stable amid other currency fluctuations

Institutions, foreign and domestic, have confidence in the stability of the dong, despite the depreciation of many local currencies in ASEAN.

Devaluing VND will do more harm than good: economists

Chinese FDI is rushing into Vietnam, bringing huge capital. However, Vietnam has been told to be careful about using this capital.

VND stable despite trade war escalation

Most currencies have depreciated against the US dollar but the Vietnam dong value has remained stable.

Chinese economic slowdown won’t have considerable impact on Vietnam: Ministry

The decline of the Chinese economy will have a negative impact on Vietnam, but the impacts will be insignificant in the short term. Vietnam’s import/export activities will suffer the most.

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.

Yuan devaluation puts pressure on Vietnamese exports

VietNamNet Bridge - The Chinese yuan depreciation will affect Vietnam’s economy as the country is Vietnam’s third largest trading partner.