Current Vietnamese dong coins and banknotes This event caused a cycle of inflation that would continue until the mid-nineties. On the 14th September 1985 the dong was revaluated, equalling 10 old dongs. The new dong equalled 1 dong of North Vietnam and 0.80 of South Vietnam. Regarding South Vietnam in 1953 banknotes of piastras and dongs were printed and on the 22nd September 1975, after the fall of Saigon, the currency of this region was replaced by the new dong.Īfter the reunification of Vietnam on the 3rd May 1978, the dong also unified. Two revaluations followed, one in 1951 and one in 1958. This currency was first introduced to the country by the government of North Vietnam in 1946, replacing the piastra of the French Indochina. The Vietnamese dong came in different stages to the country, first entering the North Area and then to the South. Li, J.: Influencing factors, control mechanisms and the trend of RMB exchange rate fluctuations.The dong is the official currency in Vietnam, although it arrived in different times to North Vietnam and South Vietnam, before the unification of the country. Li, Y.: Analysis of the influencing factors of RMB exchange rate fluctuations-based on the perspective of exchange rate overshoot model. Guo, Y.: Analysis of the long-term and short-term influencing factors of the RMB exchange rate – based on the Markov zoning transition model. Ya, L.: An empirical test of several macro factors affecting the RMB exchange rate. Nogueira Junior, Leon-Ledesma: China’s real exchange rates and the business cycle. (9), 116–118 (2011)Ĭhoudhri, H.: Liquidity premiaand interest rate policy. Qian, Q.: Influencing factors and prediction of RMB exchange rate. Li, Z.: An empirical analysis of the VAR model of the impact of RMB exchange rate changes on China’s international trade. Thomas, A.: Exchange Rate andForeign Interest Rate Linkages for Sub-Saharan Africa, IMF Working Paper 119, 17–29 (2016)Ĭanova, F.: The transmission of US shocks to Latin American. (3), 1–18 (2020)ĭumrongrittikul, T., Anderson, H.M.: How do shocks to domestic factors affect real exchange rates of Asian developing countries? J.
Xuan, P.: Vietnam’s incomplete exchange rate pass-through. Thanh, N.N., Kalirajan, K.: The importance of exchange rate policy in promoting Vietnam’s exports. Phuc, N.T., Duc-Tho, N.: Exchange rate policy in Vietnam, 1985–2008.
Phan, T.H., Jeong, J.Y.: Vietnam trade balance and exchange rate: evidence from panel data analysis. Pham, V.A.: Impacts of the monetary policy on the exchange rate: case study of Vietnam. Pham, T.H.H., Nguyen, T.D.: Foreign direct investment, exports and real exchange rate linkages in Vietnam: evidence from a co-integration approach. Man, D.T.: Policy recommendations to improve trade balance in Vietnam: an empirical study of relationship between exchange rate and trade balance. Hong Hanh Pham, T., Thinh Nguyen, D.: Does exchange rate policy matter for economic growth? Vietnam evidence from a co-integration approach. Southeast Asian Issues (04), 10–19 (2013)īui, D.H., Makin, A.J., Ratnasiri, S.: Is Vietnam’s exchange rate overvalued? J. Wang, Z.: The choice and practice of exchange rate systems in emerging market economies: with Vietnam as an example. Hu, J.: Vietnam’s exchange rate system and its exchange rate trends. On that basis, it explores what way to maintain a stable exchange rate is conducive to promoting steady economic growth, and puts forward relevant policy recommendations.
Vietnamese dong value full#
It analyzes full samples and sub-samples in an empirical analysis. This paper first analyzes the changes of the exchange rate of the Vietnamese dong from 2005 to 2020, and then analyzes various factors that affect the change of the exchange rate of the Vietnamese dong from a theoretical perspective, finally, it establishes a regression model from the empirical level to study the domestic and foreign factors that affect the exchange rate of the Vietnamese dong. It affects international trade and cross-border capital flows, which in turn has an impact on domestic investment and consumption, and plays an extremely important role in the country’s economic development. The exchange rate is an important price for a country in its participation in the global market.
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