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Vietnam weakens dong reference rate to boost nation's exports

2015-01-07 07:58:08| Semiconductors - Topix.net

The State Bank of Vietnam devalued the dong by weakening its reference rate for the second time since June, seeking to spur exports and sustain growth. The central bank in Hanoi weakened the reference rate 1 percent to 21,458 dong per dollar, effective today, Jan. 7, it said on its website late yesterday.

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