Vietnam remains out of currency manipulation watch list of US
Vietnam has continued to be excluded from the US Department of the Treasury’s monitoring list of currency manipulators in its latest report on macro-economic and foreign exchange policies of major trading partners of the US.
The headquarters of the State Bank of Vietnam in Hanoi (Photo: congthuong.vn)
Hanoi (VNA) – Vietnam has continued to be excluded from the US Department of the Treasury’s monitoring list of currencymanipulators in its latest report on macro-economic and foreignexchange policies of major trading partners of the US.
The State Bank of Vietnam (SBV) saidthat the report, released on June 17, continued to base on three criteria to makeassessments, namely trade surplus with the US, current account surplus,and persistent and one-sided intervention in the foreign currency market.
In the report, the US Department of the Treasury placed seven economies on the monitoring list of major tradingpartners that merit close attention to their currency practices and macro-economicpolicies, comprising China, the Republic of Korea, Germany, Malaysia,Singapore, Switzerland, and Taiwan (China).
It also found that no major tradingpartner manipulated currency during the period from January to December 2022. Duringthe period, Vietnam exceeded only one of the three criteria, on trade surplus, so itwas excluded from the monitoring list.
The SBV said that at bilateralmeetings with the central bank of Vietnam, the US Department of the Treasury continuedhighly valuing the SBV’s governance of the monetary and foreign exchange policies,which have managed to sustain stability of the financial market, the monetarymarket, and the macro-economy amid numerous difficulties and challenges.
The SBV has repeatedly affirmed theconsistent target of Vietnam’s monetary and foreign exchange policies is tohelp control inflation, stabilise the macro-economy, and ensure safety forcredit institutions. It has been making efforts to gradually modernise andpromote the transparency of the monetary and foreign exchange policy frameworks.
The bank has governed foreign exchangerates in a proactive and flexible manner that matches the development level ofits foreign exchange market and economic factors. It has not used the foreignexchange policy to create an unfair competitive edge while ensuring the foreignexchange market’s stable and smooth operations to help with macro-economicstability.
It added that it will continuegoverning the monetary and foreign exchange policies in the abovementionedmanner and actively coordinating with ministries and sectors to work on theissues of the US side’s concern in the cooperative and goodwill spirit./.
Despite a decline in FDI registration, commitment in manufacturing rebounded sharply, increasing by 158% month on month and 50% year on year, according to the World Bank (WB).
Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.
The State Bank of Vietnam (SBV) has decided to reduce regulatory interest rates from June 19, the fourth cut in a row since mid-March in efforts to aid economic recovery.
The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.
The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The headquarters of the State Bank of Vietnam in Hanoi (Photo: congthuong.vn) 
