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US Designation of Vietnam as Currency Manipulator Could Spur Talks, Changes,
Analysts Say

Ralph Jennings

   TAINAN, TAIWAN - Analysts say this month's U.S. designation of Vietnam
   as a currency manipulator will spur talks between the two countries
   that could see Vietnam buy more U.S. goods or reduce government
   intervention in the foreign exchange rate.

   The designation came about because the U.S. Treasury Department
   determined, according to its semiannual report on major U.S. trading
   partners' macroeconomic and foreign exchange policies, that Vietnam --
   as well as Switzerland -- is a currency manipulator. The department
   determined that Vietnam's currency was undervalued by 4.7% in 2019.

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