US Treasury continues not to list Vietnam as currency manipulator
The US Department of the Treasury has continued not to list Vietnam as a currency manipulator in its latest semi-annual report on the macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Vietnam (SBV) said on November 8.
The headquarters of the State Bank of Vietnam in Hanoi (Photo: VNA)
Hanoi (VNA) – The US Department of the Treasuryhas continued not to list Vietnam as a currency manipulator in its latestsemi-annual report on the macro-economic and foreign exchange policiesof major trading partners of the US, the State Bank of Vietnam (SBV)said on November 8.
The report continued to base on three criteria to make assessments,namely trade surplus with the US, current account surplus, and persistent andone-sided intervention in the foreign currency market.
TheUS Treasury included six economies in the monitoring list of major tradingpartners, namely China, Germany, Malaysia, Singapore, Taiwan (China), andVietnam.
Vietnammet two of the three criteria which are the bilateral goods and servicessurplus with the US (105 billion USD over the four quarters through June 2023,exceeding the threshold of 15 billion USD), and the current account surplus (at19 billion USD, equivalent to 4.7% of GDP over the four quarters through June2023, exceeding the threshold of 3% of GDP). Therefore, it was named in themonitoring list.
The US Treasury has highly valued Vietnam’s governance of the monetary policy and foreign exchange rates. (Photo: VNA)
TheSBV said that at its recent meetings with the central bank, the US Treasury highlyvalued Vietnam’s governance of the monetary policy and foreign exchange rates,which showed the Southeast Asian country’s seriousness in addressing the USside’s concerns and maintenance of the stability of the financial and monetarymarkets and the macro-economy amid numerous difficulties and challenges.
Inthe joint statement on the elevation of bilateral relations to the comprehensivestrategic partnership, the US appreciated Vietnam’s ongoingefforts to further modernise and enhance the transparency of its monetarypolicy and exchange rate management framework, to promote macro-economicstability and to ensure the safety and soundness of the banking system.
Onthe basis of the two countries’ comprehensive strategic partnership, the SBVwill continue coordinating with ministries and sectors to keep closecooperation and establish channels for frequent and effective communicationswith the US Treasury, thereby helping promote mutual understanding,cooperation, information sharing, and timely settlement of issues of commonconcern, the central bank added./.
Vietnam has continued to be excluded from the US Department of the Treasury’s monitoring list of currency manipulators in its latest report on macro-economic and foreign exchange policies of major trading partners of the US.
Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.
As the governance of the monetary policy has to concurrently guarantee multiple targets, including reducing interest rates, expanding credit, stabilising foreign exchange rates, and ensuring credit institutions’ safety, thorough consideration is needed before any steps are taken, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
In the face of difficulties and challenges, the State Bank of Vietnam (SBV) has been proactively and flexibly governing the monetary policy, also coordinated with the fiscal policy and other macro-economic ones, to control inflation and help stabilise the macro-economy and boost growth, thus winning high evaluation from the international community.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The headquarters of the State Bank of Vietnam in Hanoi (Photo: VNA) 
The US Treasury has highly valued Vietnam’s governance of the monetary policy and foreign exchange rates. (Photo: VNA) 
