The headquarters of the State Bank of Vietnam (Photo: VNA)
Hanoi (VNA) -Vietnam has been removed from the US's monetary manipulation monitoring list,according to the State Bank of Vietnam (SBV).
The bank said that the decision was announced inthe US Department of the Treasury's Report to Congress on Macroeconomic andForeign Exchange Policies of Major Trading Partners of the US, which wasreleased on November 10.
Vietnam had previously surpassed the thresholdsfor all three criteria as noted in the December 2021, April 2021, and December2020 Reports, in each of which the US Treasury conducted enhanced analysis ofVietnam.
The US Treasury continues to engage closely withthe SBV to monitor Vietnam’s progress in addressing its concerns and remainssatisfied with the progress made by Vietnam.
According to the SBV, from the beginning of 2021,the US Department of Treasury has conducted enhanced bilateral contact withVietnam and reached a general agreement in July 2021 to address the US side'sconcerns about the issues related to currency and exchange rate.
In this report, the US Department of Treasurycontinues to recognise the progress of Vietnam. At the department's delegationvisit to Vietnam on October 3, 2022, the US side highly valued the SBV'smanagement of monetary and exchange rate policies amid many difficulties andchallenges in the global economy.
In the report, the US department identifies itstrade partners basing on signs of a significant bilateral trade surplus with the US, a material current account surplus,and engaged in persistent one-sided intervention in the foreignexchange market./.
The State Securities Commission of Vietnam (SSC) will strengthen cooperation with the Ministry of Public Security to bolster the inspection and handling of manipulation and insider trading on the stock market.
To stabilise investor sentiment after the Lunar New Year holiday, the Ministry of Finance has directed the State Securities Commission to closely monitor the market and crack down on the use of negative information about the coronavirus epidemic to manipulate stock prices.
The Ministry of Public Security on April 20 issued a decision to conduct investigations into a case accused of manipulating the stock market at Tri Viet Securities Corp, Louis Holdings Group, Louis Capital JSC and relevant agencies, and detained four people.
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The headquarters of the State Bank of Vietnam (Photo: VNA) 
