A 1 percent increase in the value of the US dollar could equate to a US$12.1 million annual loss for Vietnam ‘s national carrier, according to Dang Ngoc Hoa, chairman of Vietnam Airlines, and reported by VN Express. The chairman of PetroVietnam, Le Manh Hung, is also advocating for keeping a stable exchange rate.

On the flip side, the head of Vinatext, a major garment and textile producer, Le Tien Truong, has said that local garment makers have lost business to competitor countries that have allowed their currency to depreciate. He says, Vietnam made goods are about 15 percent more expensive in some instances.

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