Vietnam central bank and US Treasury sign currency pact
US had briefly labelled Vietnam a “currency manipulator”
The US Department of the Treasury and the State Bank of Vietnam (SBV) signed an agreement on Vietnam’s exchange rate policies on July 19.
The Vietnamese central bank agreed to address US complaints about its currency, which had led the US to accuse Vietnam of currency manipulation.
“I believe the State Bank of Vietnam’s attention to these issues over time not only will address Treasury’s concerns, but also will support the further development of Vietnam’s financial markets and enhance its
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