Fewer Russian tourists as foreign currencies depreciate against US dollar

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VietnamNet English 1 month(s) ago

Fewer Russian tourists as foreign currencies depreciate against US dollar

VietNamNet Bridge – Travel agencies complain that it is difficult to attract foreign travelers from some markets because of the depreciation of many foreign currencies against the dollar, which has made tours more expensive.

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Thai GDP predicted to grow 4-5 percent in 2015

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VietnamPlus English 3 month(s) ago

Thailand ’s Fiscal Policy Office has predicted the country’s economy will grow 4-5 percent in 2015 although export growth may remain slow.

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US dollar expected to appreciate against dong

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VietnamNet English 5 month(s) ago

US dollar expected to appreciate against dong

VietNamNet Bridge - Financial institutions believe the dong will depreciate further in the last months of the year after losing one percent of value since mid-June.

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VND slight depreciation believed to be the best choice

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VietnamNet English 14 month(s) ago

VND slight depreciation believed to be the best choice

VietNamNet Bridge – The current factors of the national economy allow to stabilize the dong/dollar exchange rate. However, economists believe that it would be better to depreciate the local currency slightly so as to encourage exports.

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VND depreciation won’t be sharp enough to give people a start

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VietnamNet English 14 month(s) ago

VietNamNet Bridge – No one thinks that the dong would be devaluated by 2 percent by the end of the year. In general, Vietnam would need more than 3 months for such a big currency devaluation.

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Indonesia set to improve economic instability

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VietnamPlus English 17 month(s) ago

Indonesia has announced solutions to push up the biggest Southeast Asian economy following a sharp decline in foreign capital flow triggering its stock market to plummet and its rupiah to depreciate.

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Thai baht falls to the lowest in three years

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VietnamPlus English 17 month(s) ago

The Thai baht fell below 32 against the US dollar, the lowest level in three years, following concerns about the outflow from investors and the stock market also sank at one point to its lowest intraday level since last November.

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Agricultural produce depreciate, Agricultural Minister more worried

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VietnamNet English 19 month(s) ago 1 related news

Agricultural produce depreciate, Agricultural Minister more worried

VietNamNet Bridge - "Whenever farmers have a good crop, the prices for agricultural produces fall. Profit for farmers is little and it is big for others. This is a big issue that makes us think a lot," said Minister of Agriculture and Rural Development -- Cao Duc Phat, at the National Assembly session that closed last week.

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FX reserves rise, c.bank may weaken dong to spur exports

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Báo Tuổi Trẻ English 24 month(s) ago 1 duplicate news

FX reserves rise, c.bank may weaken dong to spur exports

HANOI, Jan 30 – Vietnam's foreign exchange reserves may have risen to between $24 billion and $26 billion and the economy is showing other signs of improvement, but a still sluggish export outlook may prompt the central bank to allow the dong currency to depreciate, economists said on Wednesday.

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QE3 can’t be ignored by Vietnam

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Báo Đầu Tư English 29 month(s) ago

QE3 can’t be ignored by Vietnam

Vietnamese American senior financier Bui Kien Thanh sheds some light on possible implications of the US’ recent quantitative easing stimulus programme (QE3) on Vietnam’s export business and the economy generally.

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Interest rates lower, exchange rate under harder pressure

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VietnamNet English 32 month(s) ago

Interest rates lower, exchange rate under harder pressure

VietNamNet Bridge – The continued interest rate reductions are thought to put a hard pressure on the dong/dollar exchange rate. However, economists do not think that the dong would depreciate sharply this year.

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Vietnam dong will be stabilised in 2012: HSBC

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Báo Dân Trí English 37 month(s) ago

Vietnam dong will be stabilised in 2012: HSBC

The Hongkong and Shanghai Banking Corporation (HSBC) has predicted that the weaker import demand and a controlled weakening of the exchange rate by the SBV will help stabilise the Vietnam dong (VND) in 2012.

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Dollar demand eases, price decreases

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VietnamNet English 37 month(s) ago 1 duplicate news

Dollar demand eases, price decreases

VietNamNet Bridge – The dollar price has unexpectedly decreased in recent days. Experts believe that with the current big gap of 10 percent in the dong and dollar interest rates, it is not likely to see the dong depreciate.

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Vietnam dong gains after trade gap narrows; bonds little changed

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Báo Thanh Niên English 37 month(s) ago 1 related news

Vietnam’s dong strengthened, snapping a three-day decline, after the government said the trade deficit narrowed in January. Bonds held stable.

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Dong depreciates by less than 3pct in 2012: Governor

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Báo Tuổi Trẻ English 38 month(s) ago

Dong depreciates by less than 3pct in 2012: Governor

The dong will not depreciate by more than 2 to 3 percent this year, State Bank of Vietnam Governor Nguyen Van Binh told a press briefing Wednesday.

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