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.
1961 in the Vietnam War government throughout the Vietnam War, but had only a limited influence on the Kennedy and Johnson Administrations. The report of a high-level study group headed by Undersecretary of Defense Roswell Gilpatric said that "South Vietnam is nearing the decisive phase of its battle for survival" and that the situation is "critical but not hopeless." It recommended that the United States show "our friends, the Vietnamese, and our foes, the Viet Cong, that come what may, the US intends to win this battle." A cease fire was declared in Laos between communist rebels (the Pathet Lao) and government troops. President Kennedy