US treasury department drops Vietnam from currency monitoring list

The department, which recently released its semi-annual currency report, put seven economies in the list: Switzerland, Germany, Singapore, China, Taiwan, South Korea and Malaysia, according to Vietnamese media reports.

No major US trading partners manipulated their currencies for an export advantage last year, the report concluded.

The department had earlier appreciated the State Bank of Vietnam’s management of monetary policy, helping to stabilise the financial and monetary market as well as the macro-economy amid global difficulties and challenges.

Fibre2Fashion News Desk (DS)