In the forex market, the symbol VND/USD stands for the currency pair trading the Vietnamese dong against the US dollar - an exotic currency pair which sees relatively lesser fluctuation in exchange rate, making it somewhat safe for new, inexperienced forex traders to try trading. This is because the VND is closely managed against the US dollar, after being loosely pegged to the greenback until 2016.In recent years, the economy of Vietnam has transitioned from being dependent on agriculture to becoming an export-oriented one, especially known for manufacturing and assembly of electronic goods. The US-China trade war helped boost the demand for Vietnam as a cost-effective alternative to China for several companies, further strengthening Vietnam's export-reliant economy and boosting the appeal of the VND in the forex market as a stable, reliable Asian currency.On the other hand, the US dollar is the world's most popularly traded currency and also enjoys the status of being considered as a reserve currency. While fluctuations in the USD are dictated by the market's movements, the VND has undergone several rounds of devaluation due to severe inflation and also because a weaker currency boosts exports from Vietnam and helps strengthen its overall economy.