Vietnam index drops to below 600 points amid devaluation fear
The Vietnam Stock Index or VN-Index slumped for four straight days amid currency devaluation fear, closing at 589.03 points on 14 August.
According to stock experts, the decisions of China’s central bank to devalue the Chinese yuan and the decision of Vietnam’s central bank to widen the exchange rate trading band led to fear of further devaluation among investors.
