Vietnam says it is “actively prepared” to intervene in forex market
Interventions have helped protect the dong’s value, but depreciation gathered pace in June
The State Bank of Vietnam said it is “always actively prepared” to sell foreign currencies in a bid to ensure economic stability, after the dong hit record lows against the dollar.
“We definitely have necessary instruments and plans to intervene in the forex market, in order to ensure the control of and stability of the macroeconomic situation,” governor Le Minh Hung said on July 4.
The measures will help to maintain a stable exchange rate and ensure sufficient liquidity for the smooth
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