Thu, Jun 04, 2026, 15:36:00
The statement reaffirmed both sides' commitment to maintaining close consultations under the Vietnam-U.S. Macroeconomic and Financial Policy Dialogue framework.
The two parties reiterated their commitments under the International Monetary Fund's (IMF) Articles of Agreement to avoid manipulating exchange rates or the international monetary system in order to prevent effective balance-of-payments adjustment or gain an unfair competitive advantage.
As trusted partners, the SBV and the U.S. Treasury agreed to continue close consultations through the bilateral dialogue mechanism.
The statement said both sides shared the view that macroeconomic measures and capital flow management tools should not be used to target exchange rates for competitive purposes.
It also noted that government investment vehicles like pension funds should pursue risk-adjusted returns and diversification in overseas investments rather than exchange-rate objectives aimed at gaining a competitive advantage.
The two sides further agreed that foreign exchange market intervention can be an appropriate policy tool to address both appreciation and depreciation pressures, helping to manage exchange-rate volatility and maintain macroeconomic stability as countries develop their financial markets.
The SBV and the U.S. Treasury also underscored the importance of transparency in exchange-rate policies and practices.
In that context, Vietnam's central bank committed to publishing annual data on its net positive foreign currency purchases, including both spot and forward transactions, with a three-month reporting lag beginning in 2027.
It also pledged to disclose data on its foreign exchange reserves and forward positions in line with the IMF's Data Template on International Reserves and Foreign Currency Liquidity from 2027 onward.
