Originally Posted by
Socata 850
Quote from Adster:
A question has been raised about what the VND/US$ exchange rate should be to ensure the suitable inflation rate, the currency value stabilisation, the supply and demand balance, while creating liquidity to the market. At this moment, exporters are complaining that the high VND value makes Vietnamese goods less competitive in the international market, and the revaluation of the local currency should not be prolonged.
Adster,
Does this imply that the value of the Dong at it's present day rate is too high? If so the reval would actually make the Dong less valuable against the dollar so that VN's goods would become less expensive to foreign buyers. Is that not so?