The State Bank of Vietnam has begun selling US dollars to curb a rapidly appreciating exchange rate, offering relief to banks with negative foreign currency positions.
The State Bank of Vietnam aims to quell dramatic price surges and narrow the gap between domestic and international gold prices, addressing concerns about market stability and potential manipulation.
Despite external uncertainties, Vietnam's economy shows resilience, with the Asian Development Bank (ADB) maintaining a positive outlook. Domestic demand, public investment, and potential policy shifts are key factors to watch, but structural weaknesses need addressing to ensure sustainable growth.