US removes Vietnam out of list of currency manipulators

April 17, 2021 - 14:04

The US Treasury has removed Việt Nam and Switzerland from the list of countries labeled as currency manipulators, reversing a decision of the administration under President Trump last December.

Illustrative photo. Photo: 24h.com.vn

HÀ NỘI — The US Treasury has removed Việt Nam and Switzerland from the list of countries labeled as currency manipulators, reversing a decision of the administration under President Trump last December.

The US Treasury said in its semi-annual report on forex and macro-economic policies of big trade partners of the US to the Congress on April 16 that no country currently meets the US criteria as a manipulator. It said Việt Nam, Switzerland and Taiwan will be under enhanced monitoring, which means those countries and territories will not immediately face US sanctions.

In the report, the first of the Biden administration, China is not designated as a currency manipulator. The Trump administration put China on the list in 2019 during a trade stand-off between the world’s two biggest economies. — VNS

Tags US-Vietnam relations currency manipulator

Hòa Bình taps agricultural tourism for sustainable development

Economy

Long An builds investment policies to develop its international port into a logistics hub

Economy

Việt Nam stock market kicks off the final week of November with gains

Economy

Bắc Giang targets breakthrough economic growth and regional cooperation by 2025

Economy

Việt Nam named among the 30 largest export economies

Economy

Code of conduct issued for real estate brokers

More on this story

Economy

Development skewed in HCM City region real estate market

The skewed concentration of property projects in some areas of HCM City has resulted in an imbalance in the development of satellite cities and causes a strain on the transport system, a workshop heard in the city yesterday (April 16).

Economy

Vietnamese electric motorbike start-up gets foreign funding

Dat Bike, a Vietnamese technology start-up that plans to make electric motorbikes, has raised US$2.6 million in a pre-series A funding from Singapore’s Jungle Ventures, Wavemaker Partners, Hustle Fund, and iSeed Ventures.

Economy

Vietinbank eyes US$728.1 million pre-tax profit

Vietinbank (CTG) targeted a pre-tax profit of VNĐ16.8 trillion (US$728.1 million) in 2021, increasing 2.14 per cent from last year.

Economy

Hà Nội sees strong recovery of property market in Q1

The Hà Nội property market is expected to recover strongly this year thanks to positive performance in the housing segment in the first quarter, according to experts.

Economy

Việt Nam, Singapore beef up investment links in industry

A forum to promote industrial investment in Việt Nam was held online on Thursday as part of the Việt Nam International Trade Fair (Vietnam Expo 2021) in Singapore.

Economy

Local firms need good governance to participate in global supply chain

Besides churning out high-quality products, Vietnamese producers must meet other strict requirements of importers, including a good governance system, to enable to participate in the global supply chain, experts said.

Economy

Hải Phòng targets US$1.5 billion in FDI in the second quarter

The northern port city of Hải Phòng is targeting US$1.5 billion in foreign direct investment (FDI) in the second quarter of 2021, according to head of the Management Board of Hải Phòng Economic Zones Lê Trung Kiên.

Economy

Trung Nam Group completes largest wind farm in Việt Nam

Trung Nam Group inaugurated the last phase of its wind farm yesterday in the central province of Ninh Thuận’s Thuận Bắc district, making the 152 MW farm the largest in Việt Nam.

Economy

Workforce critical to feed industries in rapidly developing VN: experts

Việt Nam needs to focus more on developing feedstocks and production of intermediate goods, especially in terms of human resources, to enable its industrialisation, experts have said.