Vietnam and the International Monetary Fund the "import substituting and non-tradable" sectors like construction and telecommunication as opposed to investment in exportable goods and services. In 2001, Vietnam sent a letter of intent to the IMF to receive a loan to fund the Poverty Reductions and Growth Funds arrangement. In order to create a greater macroeconomic stability for Vietnam they would rely on the monetary policy while under shock scenarios as it has proven to lift off interest rates. According to IMF records, Vietnam is still paying that loan and continues their membership with the IMF. Since 2012, the Vietnamese dong closely tied to the U.S.
South Korea and the International Monetary Fund Philippines, Singapore, Thailand, Vietnam, Cambodia, Myanmar, Brunei, and Lao. The agreement was made in order for these nations to stop hoarding foreign reserves, which could theoretically help grow these countries' economies, allow foreign investors to trust more these Asian countries' currencies more, and act as a safety net for South Korea's economy and the other comprising Asian countries' economies. South Korea and the International Monetary Fund South Korea has grown to become the 14th largest economy of the world and has joined financial institutions of the world as the country grew. From joining the International Monetary Fund (IMF), South Korea