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Ha Noi – The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/VND exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates. As the trade war escalates, China has weakened its currency to boost exports, making its goods even cheaper in Viet Nam.
Viet Nam should develop a policy to devalue the VND against the dollar at a moderate level to import cheap raw materials to improve the production status in the context of the US-China trade war and the devaluation of the yuan.
http://vietnamnews.vn/economy/462369/vn-currency-suffers-from-us-china-trade-war.html#wfEvUDcSDxMSSZbQ.99