CLMV News – 22 June 2023

CLMV Lao PDR, News, Viet Nam

LAO PDR

The Bank of the Lao PDR has issued a new Decision on the setting of currency exchange rates, giving commercial banks greater flexibility in the trading of foreign currencies. The new policy serves as a significant guideline in regulating exchange rates amid continuing depreciation of the kip and skyrocketing inflation. (Vientiane Times)

VIET NAM

Việt Nam has continued to be excluded from the US Department of the Treasury’s monitoring list of currency manipulators in its latest report on macro-economic and foreign exchange policies of major trading partners of the US. (Viet Nam News)

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