Posts Tagged ‘dong’

Dung’s Dong Devaluation Dilemma

Wed Nov 25, 2009 16:25 GMT  | 1 Comment

The devaluation of the Vietnamese dong by 5% on November 25 comes as little surprise for anyone having observed Hanoi’s woes in trying to combine a fixed exchange-rate regime with strongly pro-growth fiscal and monetary policy in recent years. Previous devaluations (in December 2008 and March 2009 most recently) have done little more than to… [Read more]

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Posted in: Asia, Currencies, Inflation/Deflation 1 Comment

Vietnam: A Devaluation Of The Dong?

Tue Dec 9, 2008 18:13 GMT  | 1 Comment

In case you hadn’t heard, speculation is mounting that the Vietnamese authorities might devalue the dong currency in the near future to boost the country’s exports. Frankly, I am not that surprised, since Vietnam is one of the few Asian countries that have actually increased their export dependency on the US over the past 20… [Read more]

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Posted in: Asia, Currencies, General 1 Comment

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