TY  - JOUR
T1  - Exchange Rate Pass-Through into Vietnamese Import Prices by
Industries and by Countries
AU - Cam Nhung, Nguyen AU - Thi Thanh Huyen, Tran 
JO  - International Business Management
VL  - 11
IS  - 11
SP  - 1834
EP  - 1843
PY  - 2017
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2017.1834.1843
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2017.1834.1843
KW  - Exchange rate pass-through
KW  -import prices
KW  -Vietnam
KW  -implications
KW  -currencies
KW  -Thailand
AB  - This study analyzes the Exchange Rate Pass-Through (ERPT) into the prices of Vietnam’s major
import commodities in 5 industries including electric machinery; machinery and mechanical appliances; iron and
steel; plastics; transport equipment. The monthly data from Jan 2007-Dec 2015 is used in the fixed effect model
regression at the HS-6 digit level (or 9 digit level) and is aggregated into the HS-4 digit level. By comparing the
behaviors of 7 major trading partners, namely China, Japan, EU-28, Republic of Korea, Singapore, Thailand and
Taiwan, the results reveal that the degree of ERPT into each selected HS 4-digit-level commodity is different
among partners. Not only the US dollar but also other currencies such as JPY, CNY, SGD and EUR are proved
to be invoicing currencies. Therefore, besides implementing methods to prevent exchange rate risks for
VND/USD, Vietnamese importers should also take care of the movement of the exchange rate of VND/SGD,
VND/CNY, VND/JPY and VND/EUR. This evidence may have important implications for exchange rate policy
makers of Vietnam. According to results drawn from trade statistics, VND should be pegged to a currency
basket including USD, JPY, CNY, SGD and EUR.
ER  -