Vietnam not labeled currency manipulator

Vietnam continues to meet the US Treasury criteria for not being labeled as a currency manipulator, according to the US Treasury.

In its latest report on forex and macro-economic policies of big trade partners of the US, the Treasury found no major trading partners during the year through June 2021 sought to manipulate their currencies for a trade advantage or for preventing effective balance of payments adjustments.

The department said Vietnam has met all three criteria on trade and current account surpluses and foreign exchange market interventions and it would continue to work with Vietnam to address concerns./.