Vietnam's Dong Depreciates to Record Low on Trump Tariff Concerns

Vietnam's Dong Depreciates to Record Low on Trump Tariff Concerns; Central Bank Cuts Reference Rate for 6th Day

On February 11, 2568, Bloomberg News reported that Vietnam's dong weakens to record low against US dollar After the State Bank of Vietnam lowered the reference rate for the 6th consecutive day

โดย Value of the dong It weakened 0.5 percent to 25,516 dong per dollar on Tuesday, down from its previous all-time low in late December 2567.

Meanwhile, emerging market currencies are under pressure as Donald Trump's tariff threats have boosted the dollar, particularly vulnerable to trade-dependent economies. The State Bank of Vietnam has continued to cut the dong's daily reference rate, putting the currency on the verge of further depreciation.

Vietnam's State Bank cut the dong's daily reference rate to a record low of 24,522 dong per dollar on Tuesday, according to data compiled by Bloomberg, allowing the dong to be traded at no more than 5% of the two-way reference rate.

refer : bloomberg.com

Read news related to All Asian economic situations can be found here.