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.
Italy–Vietnam relations the United States and North Vietnam, with subsequent decision to bomb North Vietnam by President Lyndon Johnson, it failed to materialize. Italy and Vietnam finally established relations at 1973. Ever since the end of Cold War, Italo–Vietnamese relations has witnessed a resurgence. Over this period, the two countries have developed close ties and cooperation. Italy has actively supported greater cooperation between Vietnam and the European Union (EU) and the normalisation of relations between Vietnam and international financial, commercial and monetary institutions. Two-way trade between Vietnam and Italy reached 4.3 billion USD in 2015. The two countries are striving for 5