The State Bank of Vietnam has decided to reduce the dong-dollar exchange rate.

Now may be the ideal time for people to book flights with Vietnam Airlines and see what the city of Hanoi has to offer.This is because the Asian country has today (Friday February 11th) announced the devaluation of its dong currency.

The State Bank of Vietnam has lowered the dong-dollar exchange rate from 18,932 to 20,693, which is a 9.3 per cent reduction.

AFP reports the organisation as saying the decision was focused on "ensuring the liquidity of the market, contributing to curb the trade deficit and supporting the implementation of more active and flexible monetary policies".

However, speaking to the news provider, Le Dang Doanh from the Economic College of Hanoi claimed the country still needs to do more to ensure the stabilisation of its economy.

It is hoped the decision could help to resolve some of the problems caused by high inflation in Vietnam.

This comes after chairman of AITO Specialist Travel Agents Oliver Broad advised holidaymakers that they should allow a sufficient amount of time to take in locations such as Vietnam, Cambodia and Laos.

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