State Bank of Vietnam devalues dong as dollar rises
The exchange rate was last changed in June
The State Bank of Vietnam devalued the dong for the second time in seven months today, a move that may help make the country's exports as the dollar strengthens.
The central bank weakened its reference rate by 1% to 21,458 dong a dollar, effective today, from the previous 21,246 dong. Exchange rates for commercial banks are allowed to move within a 1% band around this rate.
The State Bank of Vietnam says the adjustment was made with "the aim of proactively regulating the market in accordance
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