The Vietnamese currency market maintained calm despite the rise of the United States dollar in unofficial channels. Despite the ongoing global economic crisis and instability in the world’s financial markets, Vietnam showed high resistance to the pressure of the rising dollar.
According to sources from the National Bank of Vietnam, the exchange rate of the Vietnamese dong to the US dollar remains stable at a level consistent with international currency markers. Despite the significant rise of the dollar in recent weeks, Vietnam’s currency market showed the ability to deal with external pressures and maintain stability in the local financial market.
Chief Financial Analyst, Nguyen Minh Chau, gives his views on the current situation. “Vietnam has taken prudent measures in managing financial and currency prudence. Despite instability at the global level, the effectiveness of local authorities’ actions in controlling financial flows and maintaining market stability has helped maintain a reasonable exchange rate.”
The resilience of the Vietnamese market in the face of the rising dollar is the result of strong policies and the government’s efforts to ensure economic stability. By supporting investment in infrastructure, strengthening the industrial sector, and promoting international trade, Vietnam continues to perform well in addressing global financial challenges.
Despite the challenges faced by the world’s financial markets, Vietnam maintains a pragmatic and proactive approach to economic management. With stability in the currency market, it is hoped that the country can continue to maintain sustainable economic growth in the long term.
