Dong

The dong has had an up and down day against the safe haven currency dollar. The dollar began today's sessions by beating back the dong, hammering it down to daily lows early in the morning. Later in the day, the dong switched up and started rising steadily. By noon, the Vietnamese currency had...

Vietnam's central bank announced Wednesday it is raising compulsory reserve minimums that banks have to set aside for all foreign currency deposits. The nation is also forcing state-owned companies to sell any foreign currency holdings to banks. The moves come as part of a focused effort on the...