![]() The cash rate (Policy Rate: Month End: Discount Rate) was set at 3.500 % pa in Mar 2023.In the latest reports, Vietnam Short Term Interest Rate: Month End: VNIBOR: 3 Months was reported at 7.760 % pa in Feb 2023.Exchange Rate against USD prior to August 2004 is sourced from the International Monetary Fund. State Bank of Vietnam provides average Exchange Rate against USD. The data reached an all-time high of 23,679.375 in Nov 2022 and a record low of 0.976 in May 1983.ĬEIC calculates monthly average Exchange Rate against USD from daily average Exchange Rate.Vietnam Exchange Rate against USD data is updated monthly, available from Jan 1983 to Mar 2023.Vietnam Exchange Rate against USD averaged 23,621.926 (USD/VND) in Mar 2023, compared with 23,629.500 USD/VND in the previous month.Key information about Vietnam Exchange Rate against USD USTR's probe had found that Vietnam was taking "unreasonable" actions to push down the value of its currency to make its exports cheaper, but held off on imposing tariffs.1983 - 2023 | Monthly | USD/VND | CEIC Data Trade Representative Katherine Tai said her agency will monitor Hanoi's implementation of the agreement and would work with Vietnam "to ensure that it addresses the acts, policies and practices related to the valuation of its currency that were found actionable in the Section 301 investigation." The department at the time said it would commence "enhanced engagement" with Hanoi to correct the situation, which led Vietnam's foreign currency intervention and global current account surplus to exceed 2% of its GDP. But the Treasury said that Vietnam, along with Taiwan and Switzerland, had tripped its thresholds for the designation under a 2015 law. The Treasury under Yellen in April removed a "currency manipulator" label from Vietnam that had been imposed by the Trump administration last December. "I believe the State Bank of Vietnam’s attention to these issues over time not only will address Treasury’s concerns, but also will support the further development of Vietnam’s financial markets and enhance its macroeconomic and financial resilience," Yellen said in the statement. 100 US dollars to Vietnamese dongs Convert USD to VND at the real exchange rate Amount 100 usd Converted to 2,348,250 vnd 1.0002.50000 VND Mid-market exchange rate at 04:26 UTC Track the exchange rate Send money A cheaper way to shop online internationally Sign up today USD to VND conversion chart 1 USD 23,482. government agencies about the agreement to address U.S. The Treasury said it would inform other U.S. The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation."īut the central bank agreed to "improve exchange rate flexibility over time," allowing the dong to move in line with the development of the country's markets and economic fundamentals, and to further modernize and make more transparent its monetary policy and exchange rate framework It is known for its symbol but is simply referred to as VDN in the foreign. In the joint statement, Vietnam confirmed its commitment under International Monetary Fund rules "to avoid manipulating its exchange rate in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese dong." The Vietnamese Dong has been the official currency of Vietnam since 1973. imports of furniture, electronics, computers and apparel. supply chains away from China amid a tariff war, saw its goods trade surplus with the United State jump 25% in 2020 to $69.7 billion despite the COVID-19 pandemic. ![]() Vietnam, which benefited from the shift of U.S. ![]() The Trump administration in its final weeks had declared Vietnam a currency manipulator and had threatened to impose punitive tariffs on imports from Vietnam. pressure on Vietnam over its currency practices and ballooning U.S. The agreement, announced in a joint statement by Treasury Secretary Janet Yellen and State Bank of Vietnam Governor Nguyen Thi Hong after a virtual meeting on Monday, follows months of U.S. Treasury to refrain from "competitive devaluation" and make its monetary and exchange rate policies more transparent. WASHINGTON, July 19 (Reuters) - Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S.
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