Vietnam says not aiming to create 'unfair competitive advantage' in int'l trade

The State Bank of Vietnam said on Tuesday it was not aiming to create an "unfair competitive advantage" in international trade after the country appeared on a U.S. watch list of currency manipulators.

"The State Bank of Vietnam will coordinate with relevant agencies to discuss and address the issue raised by the U.S. Treasury in a cooperative manner," it said in a statement.

Vietnam has been singled out by Washington given its trade surplus with the United States, a highly positive current account balance and a perception that its central bank has been quite active in terms of net foreign exchange purchases.