Vietnam says will not devalue dong, has sufficient reserves

SINGAPORE Nov 17 (Reuters) - Vietnam will not devalue its dong and the country has enough reserves to maintain the currency, its president and finance minister said on Tuesday. "Vietnam will not devalue our currency. We will take cautious steps on our monetary policy... We have sufficient reserves of about $21 billion, enough instrument to maintain the exchange rate," said finance minister Vu Van Ninh, speaking together with President Nguyen Minh Triet at a business seminar in Singapore.

Triet also said Vietnam was taking cautious steps to develop its exchange rate policy. (Reporting by Nopporn Wong-Anan; Editing by Neil Chatterjee)