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In response to increasing pressure on the Vietnamese dong as a result of high inflation in the US, on 17 October 2022, the decision was made to increase the dong's trading band from 3 to 5 percent. As a result, from 16 October to 24 October the currency lost 2.98 percent of its value falling from 24,135 to 24,845 Vietnamese dong to the dollar. [44]
Australia also committed to provide 40 million AUD in aid [69] [70] and 5.2 million doses vaccine for Vietnam. [71] 403,000 doses of the COVID-19 vaccine part of this commitment arrived on 26 August, [72] [73] [74] while another 300,000 doses arrived on 6 October. [71]
The rupiah closed below Rp12,000 for the first time since 1998 on 20 October, with intraday lows below Rp13,000. Subsequently, however, the cut in the Federal Reserve rate to 0–0.25% and BI support for the currency, had the rupiah strengthen slightly to a range around Rp11,000.
In Vietnam, the term Việt Kiều is used to describe Vietnamese people living abroad, though it is not commonly adopted as a term of self-identification. [83] Instead, many overseas Vietnamese also use the terms Người Việt hải ngoại ("Overseas Vietnamese"), a neutral designation, or Người Việt tự do ("Free Vietnamese"), which carries a political connotation.