The dong depreciated after holding unchanged for months .On the first working day of 2019, the State Bank of Vietnam (SBV) showed its intention to build up its foreign reserves, which declined in H2 2018, by lifting its buying price vs the USD from VND22,700 to VND23,200. Thereafter, the USD/VND exchange rate in the inter-bank market moved around the SBV’s purchase level of VND23,200 until the third week of April, before ramping up to VND23,415 as of May 31, 2019 (the VND has depreciated 1.02%