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Vietnam Devalues Dong 3.5% Amid US Trade Pressures

9/20/2025

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Summary

Story summary

Vietnam is depreciating its currency, the dong, by about 3.5% in 2025 to boost export competitiveness amid US tariffs.
Exports account for 90% of GDP, highlighting reliance on the US market.
The World Bank has lowered Vietnam's 2025 growth forecast to 6.6% due to declining US exports.
Analysts expect the dong to weaken further, projecting a value of 26,300 by Q4 2025.
The central bank is ready to intervene to manage currency volatility.

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Story summary

Vietnam is depreciating its currency, the dong, by about 3.5% in 2025 to boost export competitiveness amid US tariffs.
Exports account for 90% of GDP, highlighting reliance on the US market.
The World Bank has lowered Vietnam's 2025 growth forecast to 6.6% due to declining US exports.
Analysts expect the dong to weaken further, projecting a value of 26,300 by Q4 2025.
The central bank is ready to intervene to manage currency volatility.