According to Vietnam state bank deputy, the country is facing challenges in managing policy rates, currency, and credit amid global economic turbulence. The central bank is working to balance monetary policies for economic recovery and inflation control while addressing concerns related to the banking sector, low reserves, and inflation risks. The Vietnamese dong has appreciated against the US dollar in recent months, but FX risks are increasing as exports weaken. The central bank aims to ease pressure on the currency, and S&P forecasts the dong to depreciate by around 1.6% by year-end, accompanied by a decline in reserves.