Economic and Trade Office

Embassy of Israel in Hanoi

Exchange Rate
Exchange rate was stable in 2012 around
VND20,900 per USD
The strengthening of the Vietnam Dong (+2%
ytd) was due to a Balance of Payment surplus,
estimated around USD8 bn in the first three
quarters. Healthier foreign reserves, which
amounted to USD22 bn in October according
to the SBV, also gave some firm support to the
dong. According to some officials, the value of
the dong should be stable through year-end as
expecting the SBV will continue to enhance its
reserves (~USD23bn by year end) while USD
inflows via FDI and remittances should be
stable, reaching USD10-11bn each.
Trade Performance
Vietnams growth pessimism stands in sharp contrast with its robust export performance
in recent years. As shown in figure 10, at 34.2 percent in 2011, Vietnam recorded the
highest rate of export growth in developing East Asia, with China coming at a distant
second. The same performance has been repeated in the first four months of 2012,
though Vietnams overall growth of exports has declined.

68 Nguyen Thai Hoc, Hanoi; Tel: +84-4-38433140 (ext. 513, 514)

E-mail: Vietnam@israeltrade.gov.il
Website: http://itrade.gov.il/vietnam
Linkedin: Israel Trade Mission- Vietnam
Facebook: vietnam.israel
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