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14 Feb 2025

International Economy

Vietnamese Dong hits a historic low and is likely to weaken further; State Bank of Vietnam expected to maintain its policy rate until year-end 2025 (Business Brief No.4126 Full Ed.)

คะแนนเฉลี่ย
  • The Dong has fallen to a record low and is likely to weaken further due to several risks including President Trump’s tariff measures and the Fed’s slowing pace of policy rate cuts.
  • The State Bank of Vietnam’s ability to intervene in support of the Dong is somewhat limited, as it must maintain an adequate level of international reserves.
  • Amid the weakening Dong and rising inflation nationwide, the State Bank of Vietnam is expected to keep its policy rate steady at 4.5 percent until the end of 2025.

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International Economy