Update: December, 22/2020 - 13:31 | Việt Nam does not allow foreign currencies to be used as a means of payment, which means foreign investors and exporters must exchange their money into Việt Nam đồng to conduct business activities. VNA/VNS Photo HÀ NỘI The US Treasury Department’s labelling of Việt Nam as a currency manipulator is biased, as it is only based on US standards and lacks suitable consideration as well as recommendations from international organisations, according to experts. Việt Nam does not depreciate the Vietnamese
đồng. BIDV Chief Economist Cấn Văn Lực and experts from the BIDV Training and Research Institute described the labelling as a unilateral action that fails to look into the characteristics of Việt Nam’s economy and the recommendations of international institutions regarding its economy.