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.
1965 in the Vietnam War responsible for providing security to the airbase at Biên Hòa and the port of Vũng Tàu, both near Saigon. This was the first combat unit from the U.S. Army to arrive in Vietnam. The Armed Forces Council of South Vietnam under General Nguyễn Văn Thiệu dissolved itself leaving in nominal control of the country the civilian Prime Minister Quat. In the Battle of Song Be the Viet Cong overran the capital city of Phước Long Province, about 60 miles north of Saigon. The town was recaptured by the ARVN with U.S. air support but the Viet Cong withdrew in good