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 1959 in the Vietnam War 1959 saw Vietnam still divided into South (ruled by President Ngô Đình Diệm) and North (lead by communist Ho Chi Minh). North Vietnam authorized the Viet Cong to undertake limited military action as well as political action to subvert the Diệm government. North Vietnam also authorized the construction of what would become known as the Ho Chi Minh Trail to supply the Viet Cong in South Vietnam. Armed encounters between the Viet Cong and the government of South Vietnam became more frequent and with larger numbers involved. In September, 360 soldiers of the South Vietnamese