Vietnam is not on the United States' watchlist for currency manipulation

Khanh Minh Thursday | 11/09/2023 11:14

Photo by VGP.

The United States Department of Treasury has continued to exclude Vietnam from its current semi-annual report on the macroeconomic and foreign exchange policies of the United States' key trading partners.

The US Department of State commended Vietnam's continuous efforts to modernize and improve the transparency of its monetary policy and exchange rate management framework, maintain macroeconomic stability, and ensure the safety and soundness of the banking sector.

The SBV said that the US Treasury recently told the central bank how much it appreciated Vietnam's control over monetary policy and foreign exchange rates.

This shows that Vietnam is serious about addressing US concerns and keeping the stability of financial and monetary markets and the macro-economy, even though there are many problems and difficulties.

Because the two countries have a comprehensive strategic partnership, the SBV will continue to work with ministries and sectors to keep working together closely and set up ways for regular and useful communication with the US Treasury.

This will help everyone understand each other, work together, share information, and quickly solve problems that affect both countries.

Source: VGP