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Over six months ago Morgan Stanley warned of a currency crisis in Vietnam. But the valuation of the Vietnam dong would have been similar in magnitude of the severe devaluation of the Thai baht in 1997 which sparked the Asian financial crisis. In the months following Morgan Stanley’s warning we have seen a […]
The Vietnamese dong has already devalued by around 10% this year but some analysts expected to drop even more. Morgan Stanley is warning of a Vietnamese currency crisis. Last week one US dollar could be exchanged for nearly 19,500 Vietnam dong on the black market at jewelry shops but it’s dropped to around 17,500 now. […]
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