According to the statement, as trusted partners, both sides agreed to continue regular consultations on macroeconomic, financial, and monetary issues.
The State Bank of Vietnam and the US Department of Treasury reaffirmed their commitment to fully fulfill their obligations under the Charter of the International Monetary Fund (IMF), including not manipulating exchange rates or the international monetary system to prevent balance of payments adjustments or create unfair competitive advantages in international trade.
Both sides also agreed that macroeconomic measures or capital controls should not be used to influence exchange rates for competitive purposes. Government investment instruments, including pension funds or overseas investments aimed at seeking returns and diversifying the investment portfolio, are not to be deployed with the goal of influencing the exchange rate.
The joint statement says intervention in the foreign exchange market is an appropriate tool in some cases to respond to upward or downward pressures on the currency, contributing to limiting excessive exchange rate volatility and maintaining macroeconomic stability in developing the financial market.
Both sides emphasized the importance of enhancing transparency in exchange rate policy and operations. The State Bank of Vietnam commits to publishing annual net foreign exchange purchases (including spot and forward transactions) with a three-month delay, starting in 2027.
The State Bank of Vietnam will publish foreign exchange reserves and forward positions according to the IMF's International Reserves and Foreign Exchange Liquidity Data Form from 2027.
