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Dec 17 2020, 6:03 PM December 16 2020, 9:24 PM December 17 2020, 6:03 PM (Bloomberg) Traders in Vietnamese assets aren’t likely to be ruffled by the U.S. Treasury’s move to designate the Asian nation a currency manipulator. (Bloomberg) Traders in Vietnamese assets aren’t likely to be ruffled by the U.S. Treasury’s move to designate the Asian nation a currency manipulator. The Vietnamese dong traded little changed at 23,124 per dollar as of 10:56 a.m. in Hanoi on Thursday after the Trump administration’s final foreign-exchange policy report. The benchmark stock index pared its loss to 0.5% after falling more than 1% earlier. While the designation can escalate trade tension, President-elect Joe Biden may join the Trans-Pacific Partnership, making it less likely that he will raise tariffs in Vietnam, said James Bannan, a fund manager at Coeli Asset Management, which oversees about $400 million of frontier-market investments.

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