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.
1959 in the Vietnam War wasted many millions of dollars." The President of the pro-Diệm lobbying organization, American Friends of Vietnam, General John O'Daniel charged that "what the Communists failed to achieve in five years -- to cast doubt on the Free Vietnamese and American aid program there -- was accomplished in one week of headlines." Senator William Fulbright said that "these articles have done a great deal of damage...to our efforts in Vietnam." General Samuel L. Myers, Deputy MAAG commander for South Vietnam, told a U.S. Senate committee hearing that the South Vietnamese Army was "now able to maintain internal security and...should there be