The dong may be depreciated by additional 1 percent later
this year, if policy makers feel it is necessary, HSBC said in a
statement issued on Thursday, betting on a relatively stable dong for
the coming months.
The outlook for the dong
should be relatively stable in the coming time, given the better
balance of flows and build-up of foreign exchange reserves, HSBC said.
It warned, however, that lower real interest rates could pose a risk if
demand and inflation start to pick up.SEE MORE