domestic fuel prices by almost a third late last month. The price hike has raised fears of higher inflation and spurred heavy demand for US dollars, thus driving down the dong. One US dollar cost some 17,500 dong in black market dealing, compared with 16,700 before fuel prices were increased. The dong could fall further…
VIETNAM: Currency down as government hikes fuel prices
Posted on August 6, 2008 by EnergyAsia