Weaker yuan presses Vietnam’s rice price down

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VietnamNet English 7 hour(s) ago 1 related news

Weaker yuan presses Vietnam’s rice price down

VietNamNet Bridge - As predicted, importers have tried to lower Vietnam’s rice price after the Chinese government’s devaluation of the yuan.

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Flexible fiscal & monetary policies help boost economic growth

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Báo điện tử CP English 3 day(s) ago 3 related news

VGP – In spite of numerous difficulties, the Vietnamese economy continued to attain positive indicators in almost all fields.

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Vietnam poised to achieve economic target despite currency fall: experts

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Báo Thanh Niên English 2 day(s) ago

Vietnam poised to achieve economic target despite currency fall: experts

Last month the central bank devalued the dong for the third time this year. Photo: Ngoc Thang

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Vietnamese businesses scared stiff about yuan devaluation

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VietnamNet English 4 day(s) ago

Vietnamese businesses scared stiff about yuan devaluation

VietNamNet Bridge - Vietnamese enterprises doing business with China are deeply concerned about the Chinese yuan depreciation, now at a two-decade low.

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Banks, businesses sell dollars, forex market cools down

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VietnamNet English 3 day(s) ago

Banks, businesses sell dollars, forex market cools down

VietNamNet Bridge - Banks and businesses have begun selling dollars after an urgent meeting with the State Bank of Vietnam (SBV) which affirmed that it would not adjust the dong/dollar exchange rate until the end of the year, and it would sell dollars to intervene in the market when necessary.

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SBV expects stable forex

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VOV News English 4 day(s) ago 1 duplicate news

SBV expects stable forex

The forex market has begun to stabilize as the central bank has, once again, pledged that it would not devalue the dong any further for the rest of the year.

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Vietnam becomes fourth largest importer of RoK products

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VOV News English 4 day(s) ago 1 duplicate news

Vietnam becomes fourth largest importer of RoK products

Vietnam has usurped Japan for the first time to become the fourth largest importer of products from the Republic of Korea (RoK), in the first seven months of this year.

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VND devaluation won’t affect public debt: economists

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VOV News English 4 day(s) ago 1 related news

VND devaluation won’t affect public debt: economists

Contrary to all predictions, economists have reassured the public that the weaker dong will not worsen the public debt burden of the state.

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Vietnam has reasons not to sharply devalue the dong

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VietnamNet English 5 day(s) ago

Vietnam has reasons not to sharply devalue the dong

VietNamNet Bridge - If Vietnam devalues the dong sharply, regulatory agencies will find it difficult to implement the plan to slash medium- and long-term bank loan interest rates, and the public debt will become worse.

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VND devaluation won’t affect public debt: economists

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VietnamNet English 5 day(s) ago 1 related news

VND devaluation won’t affect public debt: economists

VietNamNet Bridge - Contrary to all predictions, economists have reassured the public that the weaker dong will not worsen the public debt burden of the state.

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Mixed blessing from China’s stock market crash

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VietStock FI English 6 day(s) ago

Mixed blessing from China’s stock market crash

While the devaluation of the yuan may work in overseas property markets’ favour, including Cambodia, what has been referred to as‘Black Monday’ could drag down the local real estate sector, said industry experts.

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Import price hikes anticipated, importers indecisive about plans

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VOV News English 6 day(s) ago 1 related news

Import price hikes anticipated, importers indecisive about plans

The dong devaluation will make goods, especially imports, become more expensive, but analysts say prices will increase slowly.

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Central bank assurance calms forex market

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Báo Đầu Tư English 6 day(s) ago 1 duplicate news 1 related news

Central bank assurance calms forex market

After hovering at the ceiling rate set by the State Bank of Viet Nam for three days, the dollar pulled back a little on Thursday after the central bank promised no more devaluation is in the offing, with almost all banks reducing their selling rate by VND25-35.

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Dong devaluation will have ‘modest’ impact on Vietnam's property market: report

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Báo Thanh Niên English 1 week(s) ago 2 related news

Dong devaluation will have ‘modest’ impact on Vietnam's property market: report

Vietnam’s recent devaluation of the dong will have a limited impact on the real estate market as the market is largely fueled by domestic demand and dominated by domestic supply, property research firm CBRE said in a new report.

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Surprised by global impact of yuan move, China looks to calm markets

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Báo Thanh Niên English 1 week(s) ago

Surprised by global impact of yuan move, China looks to calm markets

China has been so surprised by the global reaction to its currency devaluation that it is likely to keep the yuan on a tight leash in the near-term to head off a currency war that could spark a broader financial crisis, policy insiders say.

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