Vietnam’s strong exports, foreign investment, manufacturing and foreign currency reserves help support the dong. However, Vietnam does not want its currency to increase rapidly, if at all…A significantly stronger dong would make Vietnam products more expensive overseas, potentially hurting exports, factories, and employment. The State Bank of Vietnam therefore manages the exchange rate carefully, prioritizing stability and export competitiveness over rapid currency appreciation. We can only hope Iraq doesn’t take this type of attitude or personality. :Sandy Ingram
