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In the early 90s, the Bank has used the new monetary policy,
particularly policy adopted positive real interest rates, thus compelling
people to accumulate VND. In fact many people withdraw dollar deposit transfer
through bank deposits in VND are entitled to higher rate, leading to deposit ratio
USD in total deposits of the banking system at that time was only 18% (1996)
In the banking system has been implemented well QD396 / TTg of
the Prime Minister to strengthen the management of foreign exchange. Bank of good governance
serves the money supply target for foreign exchange, gold and some
other commodities in 1992, Vietnam has released more billion to buy thousands of dollars floating around that inflation is pulled down a digit from January 3/1992. The effect of the double buy dollars to just replace the dollar as cash flow of paper, just increase the volume of foreign exchange reserves of the country. Moreover, this is a time of growth The highest average growth since when we reform Until then, build the confidence of the people in the innovation and belief in the value of VND. Initially regarded as established VND a stable currency value both internally and externally. VND increasingly meet as a means of payment
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