IMF calls on Vietnam to ease currency peg

The International Monetary Fund forecast on Wednesday 6 January that Vietnam's economy should grow by 7 percent in 2005, and urged authorities to "move cautiously" to ease the nearly fixed dong-dollar exchange rate.

In an annual review of the Vietnamese economy, the IMF also nudged the government to limit its foreign exchange intervention, a move that would help strengthen the country's "modest" reserves, it said.

The IMF said easing the peg would "facilitate adjustments to external shocks and

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

.