The State Bank of Vietnam headquarters (Source: VNA)
Hanoi (VNA) - The
US Treasury Department’s
labelling of Vietnam as a currency manipulator is groundless and certainly
significantly affects the psychology of the
Vietnamese business community,
especially those operating in the import and export field, according to Hoang
Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry
(
He quoted Prime Minister Nguyen Xuan Phuc as saying that Vietnam does not
manipulate the currency, but flexibly regulates monetary policy to control
inflation, stabilise the macro-economy, and manage exchange rates. It does not
aim to create unfair competitive advantages in international trade.