Vietnam Dong Falls to Record Low on Trump Tariff Concerns
- State bank sets reference rate at record low for sixth day
- Vietnam is prime tariff target after US trade surplus widens
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Vietnam’s currency fell to a record low against the dollar as Donald Trump’s tariff rhetoric drives broad strength in the greenback, pummeling emerging markets.
The dong dropped 0.6% to 25,535 per dollar on Tuesday, declining beyond its previous all-time low set in late December. The State Bank of Vietnam set its daily reference rate for the currency at a record-low of 24,522 dong per dollar Tuesday, according to data compiled by Bloomberg.