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Exclusive: Vietnam finance minister urges flexibility in forex policy, says debt ratio falling

Reuters  |  HANOI 

By James Pearson and Mai NguyenHANOI (Reuters) - Vietnam should be more flexible in handling its exchange rate, and is on track to cut its public debt to about 60 percent of gross domestic product by 2020, its finance minister said in an interview on Wednesday.The dong currency has weakened 2.5 percent this year, which traders say stems from the U.S-China trade war, and remains near a record low against the U.S. dollar hit last month.Vietnam's central bank has been building up U.S. dollar reserves to shore up the dong, which experts have advised should be allowed to depreciate more and better ...

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First Published: Wed, September 12 2018. 18:28 IST