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Vietnam's flexible exchange rate regime needs "more transparency": World Bank

Vietnam’s shift to a more flexible exchange rate regime “is the best way at this point” as it would help improve the country’s “relatively low” foreign exchange reserves, said Sandeep Mahajan, lead economist of the World Bank office in Vietnam on Monday.

SBV official: Vietnam not ready yet for free floating exchange rate

Vietnam's decision to change the mechanism for setting the dong’s daily reference rate is a step forward for the Southeast Asian country as it allows market forces to play a greater role in determining the exchange rate, said Bui Quoc Dung, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department in an interview with VnExpress.
 
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