Thread: Understanding Vietnamese Life Partner
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Old 08-01-2015, 09:38 AM
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Re: Understanding Vietnamese Life Partner
http://www.businesstimes.com.sg/gove...o-boost-growth

[HANOI] Vietnam's central bank said Wednesday it would devalue the dong currency for the second time in seven months in a bid to boost exports and drive economy forward.

The State Bank of Vietnam (SBV) will devalue the reference rate by one per cent to 21,458 Vietnamese dong per dollar to "control inflation" and "push up economic growth", it said in a statement.

The latest move is "in accordance with the developments of the domestic and international financial markets, creating a solid stability for the forex market", the SBV said.

The dong was last devalued by one per cent in June 2014.