Page 11 - Competitiveness Act News Today

Update: December, 17/2020 - 15:39 | The State Bank of Vietnam headquarters in Hà Nội. — VNA/VNS Photo HÀ NỘI — Việt Nams exchange rate control, as part of its general currency policy, aims at keeping inflation in check and stabilising the macroeconomy. The country does not intend to create unfair competitive advantage in international trade, said the State Bank of Vietnam (SBV) on Thursday morning in a response to a report by the US Depa...

That changed with the Trade Facilitation and Trade Enforcement Act, passed in 2015 when Barack Obama was president, which also finessed the definition of a currency manipulator. It meant that, if a country designated a currency manipulator has not responded with policies to redress the balance of trade within a year, the president must block any projects in that country funded with US money. The US government would also be barred from buying goods and services from that country. Image: ...

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