More than a year after being removed from the US currency manipulator list, Vietnam was again put on the US Treasury’s monitoring list for foreign exchange policy.

Vietnam has just been put on a monitoring list for foreign exchange policies by the US Department of Finance, although it has not been identified by the administration of President Joe Biden as a currency manipulator in its latest semi-annual report to the National Assembly. USA.

Under President Donald Trump, who threatened to tax Vietnamese goods because of a high trade surplus with the US, Vietnam was labeled a currency manipulator but was later removed from this list by the Biden administration.

The US Treasury Department said on June 10 that it had added Vietnam and Taiwan to its watch list, along with 10 other countries, for having exceeded the threshold of less than 3 criteria for the whole of 2021 under the Promotion and Implementation Act. Commerce 2015 of the United States. Ten countries have been on the watch list since December last year, including China.

The Treasury Department considers 20 major U.S. trading partners, including Vietnam, whose bilateral goods trade with the United States reaches at least $40 billion annually.

Vietnam’s trade surplus with the US reached a record of more than 90 billion USD last year, putting the Southeast Asian country in the group of 3 countries with the largest trade surplus with the US, after China and Mexico.

The criteria considered by the US Treasury Department are a large trade surplus with the United States, a substantial current account surplus, and evidence of “persistent one-sided interference” in the foreign exchange market.

According to the US Department of Finance, Vietnam has exceeded all three criteria in the report in the previous three semi-annual periods – December 2021, April 2021 and December 2020.

.The US Treasury Department said that although Vietnam and Taiwan no longer meet the three criteria for advanced analysis, the Department will continue to conduct in-depth analysis of the macroeconomic policies and exchange rates of the countries. economy until they fail to meet all three of the above criteria under the 2015 Act for at least two consecutive publications.