Currency policies review 2015 & Outlook 2016

At the Vietnam Business Forum held earlier this month, representatives from the International Monetary Fund highlighted that Vietnam should adopt a more flexible foreign exchange policy to protect the economy from external shocks.

At the end of 2014, the State Bank of Vietnam (SBV) stated that it would not increase the exchange rate by more than two per cent this year... Another factor is the Chinese Yuan sliding to a four-year low last week following the IMF’s decision to include the yuan in the elite basket of global currencies from October 2016 onwards.