Vietnam improves its currency's competitiveness
(VOV) -The Economist Intelligence Unit has analyzed Vietnam’s recent adjustment of exchange rate by 1% against the US dollar.
It hailed the State Bank of Vietnam (SBV)'s active response to the international monetary market to improve the domestic currency’s competitiveness.
Vietnam continued to enjoy positive growth in export revenue of 12% recently while trade deficit was no longer a problem.
The EIU considered the foreign exchange adjustment a proactive step, rather than a shock therapy to restore economic growth.
Vietnam continued to enjoy positive growth in export revenue of 12% recently while trade deficit was no longer a problem.
The EIU considered the foreign exchange adjustment a proactive step, rather than a shock therapy to restore economic growth.