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In response to increasing pressure on the Vietnamese dong as a result of high inflation in the US, on 17 October 2022, the decision was made to increase the dong's trading band from 3 to 5 percent. As a result, from 16 October to 24 October the currency lost 2.98 percent of its value falling from 24,135 to 24,845 Vietnamese dong to the dollar. [44]
[citation needed] According to IMF records, Vietnam is still paying that loan and continues their membership with the IMF. [6] Since 2012, the Vietnamese dong closely tied to the U.S. dollar. [10] Every year or two Vietnam undergoes a cycle staff report based on Article IV Consultation [11] and hold discussions of their economic developments ...
Vietnam is the world's third-largest rice exporter. Vietnam is the world's second-largest coffee producer and exporter. Vietnam is the world's largest cashew exporter. In 2003, Vietnam produced an estimated 30.7 million cubic meters of wood. Production of sawn wood was a more modest 2,950 cubic meters.
Prospective Paralympic gold medalists from Vietnam were given an incentive of a little over 1% of their Olympic colleagues, at just 400 million Vietnamese dong (around $15,700) – the highest ...
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
April 30 is also known to many in the Vietnamese diaspora as “Black April,” or the day the North Vietnamese captured the South Vietnamese stronghold of Saigon, now known as Ho Chi Minh City ...
The Thompsons, a Black couple, rented to the Dongs, a Chinese American family, 85 years ago when nobody else would. Now, the Dongs are donating $5 million to Black college students because they ...
The State Bank of Vietnam (SBV; Vietnamese: Ngân hàng Nhà nước Việt Nam) is the central bank of Vietnam. Organized as a ministry-level body under the Government of Vietnam, it is the sole issuer of the national currency, the Vietnamese đồng. [3] As of 2024 it holds over USD 100 million in foreign exchange reserves. [2]