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Global Trade Alert

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Viet Nam: Competitive devaluation of the dong

Description

On 18 June 2014, the State Bank of Vietnam (SBV) has devalued the national currency, the dong (VND) by 1%, from 21,036 VND/USD to 21,246 VND/USD, effective the next day. The exchange rate band remains...

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Intervention Details

Intervention Type

Competitive devaluation

MAST Chapter

G: Finance measures

Implementation date

19 Jun 2014

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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