Vietnam’s central bank reaffirmed its commitment to selling USD to maintain stability in the dong and ensure macroeconomic stability. The bank aims to curb inflation while stabilizing the dong but cautioned that excessive rate cuts could impact the FX market. On Nov. 7, Vietnam set its reference rate for the dong at a record low, signaling potential further weakness as the dollar strengthens, fueled by Donald Trump’s election win and a subsequent rally in the USD.