Vietnam been removed from the list of currency manipulators by U.S

The U.S. Treasury Department has removed Vietnam and Switzerland from the list of countries marked as currency manipulators, overturning a government decision under the President’s Trump leadership in December last year.

The U.S. Department of the Treasury stated in its semi-annual report on the foreign exchange and macroeconomic policies of major U.S. trading partners to Congress on April 16 that no country currently meets U.S. manipulation standards. Monitoring, which means that these countries and regions will not immediately face US sanctions.

In the report of Biden’s first administration, China was designated as a currency manipulator instead. The alternative government included China in the list of the trade deadlock between the two large intestines of the world in 2019.