Page 21 - Competitiveness Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Update: December, 17/2020 - 15:39 | The State Bank of Vietnam headquarters in Hà Nội. — VNA/VNS Photo HÀ NỘI — Việt Nam's 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 Department of the Treasury in which it listed Việt Nam and Switzerland as currency manipulators.  On...

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: The US previously labelled China as a currency manipulator Only one of these measures need b...

Email

To improve the performance of our website, show the most relevant news products and targeted advertising, we collect technical impersonal information about you, including through the tools of our partners. You can find a detailed description of how we use your data in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy. By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal. You can withdraw your consent using the method specified in the Privacy Po...