According to Reuters article published on October 25, 2022, the Vietnamese dong (VND) gained 0.08% against the dollar early on Tuesday after the central bank raised its policy rate by 100 basis points.
At 02:15 GMT, the dong traded at 24.810 against the dollar, from its previous close of 24,830. So far this year, the dong has fallen 9%, following the U.S. Federal Reserve's aggressive rate hikes to tame inflation. Vietnam's benchmark stock index (VNI) opened down 0.7% to 978, the lowest since November, 2020.
