Dong is one of the most stable currencies in Asia

Going strong: A vendor counting dong banknotes in Vietnam. A stronger dong will reduce the local-currency value of the government’s external debt. — Bloomberg.

HANOI: Amid fluctuations in the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnamese dong is considered one of the most stable currencies in Asia, according to experts.

Market analysis reports released by Mirae Asset Securities Vietnam showed that in April, the US dollar/dong exchange rate dropped 0.2% and the average exchange rate hovered around 23,500 dong (RM4.47) per US dollar during the month. The rate has remained stable throughout the January to April period.