Vietnam Signals Readiness to Support Dong as Currency Hits Lows
- Central bank chief sees local currency strengthening year end
- Dong hit record low last week, among big decliners this month
The currency’s depreciation has been driven by global uncertainties
Photographer: Brent Lewin/Bloomberg
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The State Bank of Vietnam signaled that it’s ready to defend the dong after the currency slipped to a record low amid bouts of dollar strength.
The central bank will continue monitoring the dong’s exchange rate amid currency fluctuations in the global market, SBV Governor Nguyen Thi Hong told the parliament on Wednesday.