TAILIEUCHUNG - Exchange rate variations and agricultural exports in Vietnam
This article studies the situation of exchange rate since the end of 2014 until now and gives analysis about the effects of exchange rate viariations on agricultural export market of Vietnam in this period. Specifically, focuse on the adjustments of the State Bank of Vietnam as the US dollar’s price fluctuates and yuan is devalued. Besides, we also analyse the consequences that agriculture is affected by unfavorable changes of the market. | Accounting and Finance Research Vol. 5, No. 2; 2016 Exchange Rate Variations and Agricultural Exports in Vietnam Dinh Xuan Cuong1, . & Nguyen Quoc Toan2, . 1 Vietnam National University, Hanoi, Vietnam 2 Central Economic Commission, PCV, Hanoi, Vietnam Correspondence: Dinh Xuan Cuong, Vietnam National University, 144 Xuan Thuy Road, Cau Giay District, Hanoi, Vietnam. Received: March 16, 2016 Accepted: April 4, 2016 Online Published: April 15, 2016 doi: URL: This research is funded by Vietnam National University, Hanoi (VNU) under project number . Abstract This article studies the situation of exchange rate since the end of 2014 until now and gives analysis about the effects of exchange rate viariations on agricultural export market of Vietnam in this period. Specifically, we focuse on the adjustments of the State Bank of Vietnam as the US dollar’s price fluctuates and yuan is devalued. Besides, we also analyse the consequences that agriculture is affected by unfavorable changes of the market. Keywords: Exchange rate, Agricutural exports, Vietnam 1. Introduction Vietnam is a country which has the advantage of exporting agricultural commodities and raw products to the world market. However, nowadays Vietnam does not really create its advantages for exports. The Vietnamese economy is still suffering from the negative impacts of market fluctuations. These fluctuations also have big effects on export activities of Vietnam. Particularly, in recent years, the issues which are volatility of some strong currencies in the world and the Chinese government devalued their yuan have caused direct effect on the economy of Vietnam. Export – import operations are affected firstly. This causes significant impacts on the balance of trade in general and trade with partner countries in particular. Through this article, we analyze the fluctuations of yuan and Fed rates and their
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