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Vietnam: Fifth devaluation of the Dong

Description

On 17 August 2010, the State Bank of Vietnam has devalued the national currency, the Dong, for the fifth time since 2008. Applicable from 18 August 2010, the official exchange rate between the US Doll...

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Intervention Details

Intervention Type

Competitive devaluation

MAST Chapter

G: Finance measures

Implementation date

18 Aug 2010

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 Sectors

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Affected Products

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