Vietnam's Central Bank Ready to Intervene in Currency Market

The State Bank of Vietnam has announced its readiness to inject US dollars into the money market to ensure the Vietnamese dong remains stable. This move is aimed at maintaining overall economic steadiness, according to Governor Nguyen Thi Hong.

Strategy for Macroeconomic Stability

The central bank's strategy includes selling US dollars to curb fluctuations in the local currency market. By doing this, they aim to prevent volatility that could disrupt financial equilibrium, supporting a healthy economic environment.

Governor Nguyen Thi Hong emphasized the importance of stability in the currency market to safeguard Vietnam's economic growth and development. She reiterated the central bank's commitment to action as required to achieve this balance.