State Bank of Vietnam devalues dong as dollar rises

The exchange rate was last changed in June

State Bank of Vietnam, Hanoi
The State Bank of Vietnam

The State Bank of Vietnam devalued the dong for the second time in seven months today, a move that may help make the country's exports as the dollar strengthens.

The central bank weakened its reference rate by 1% to 21,458 dong a dollar, effective today, from the previous 21,246 dong. Exchange rates for commercial banks are allowed to move within a 1% band around this rate.

The State Bank of Vietnam says the adjustment was made with "the aim of proactively regulating the market in accordance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.