Dong dips as Hanoi starts daily forex rate setting

Hanoi

VIETNAM allowed its currency to ease on Monday as it resumed a more flexible foreign exchange policy for interbank dollar/dong transactions, a move that could trigger a gradual devaluation in the local currency.

The State Bank of Vietnam (SBV) set the mid-point rate at 21,896 dong to the US dollar, down from 21,890 dong it had kept unchanged since Aug 12, 2015, when it let the currency ease one per cent.