... capital inflows and excess supply of USDs. In these circumstances, it was frequently reported 19 VIETNAM’S EXCHANGE RATE POLICY AND IMPLICATIONS FOR ITS FOREIGN EXCHANGE MARKET, 1986-2009 ... Nguyen-Tran-Phuc (2009a), Exchange Rate Policy and the Foreign Exchange Market in Vietnam, 1985-2009, Confirmation Paper, Griffith University, Brisbane. —— (2009b), The Foreign Exchange Market in ... will examine how the conduct of Vietnam’s exchange rate policy has shaped the ways in which its forex market is organized and administered, and draw implications for the market’s level of operational...