The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. It is now to be seen whether this trend will continue in the coming year or not. Increase in remittances In November this year, the US dollar climbed to a 16-month high when the […]
Read MoreAfter a very tough few months brought on by severe lockdowns, the Vietnamese economy is finally on firmer ground, according to Tim Evans, CEO of HSBC Vietnam. The PMI, which reflects confidence, ticked up to 52.2 in November, signaling a second successive modest improvement in business conditions following a period of decline caused by the […]
Read MoreThe Asian Development Bank (ADB) trimmed its forecast for ASEAN growth this year from 3.1 percent to 3.0 percent, with downgrades for Vietnam and Malaysia offset by improved forecasts for the Philippines, Singapore and Thailand. In a supplement to the update of its Asian Development Outlook in September, the ADB almost halved its GDP growth […]
Read MoreViet Nam’s steel exports have increased in recent years. As a result, the sector has attracted attention from other countries and triggered a number of defence measures from some markets. Experts analysed the issue during a conference on Monday, discussing how Vietnamese firms can prepare and mitigate damage caused by trade defence in international trade. […]
Read MoreHCM CITY — Businesses in HCM City are preparing a wide range of essential goods commonly consumed during the upcoming Tết (Lunar New Year) holiday to ensure sufficient supply and stable prices. Large retailers have worked with manufacturers and suppliers to stock two or three times the amount of goods compared to other months, particularly pork and other fresh meat, eggs, fruits, vegetables and processed food. […]
Read MoreThe State Bank of Vietnam (SBV) is still intensifying the degree of monetary easing, even when many other countries have recently opted for doing just the opposite. Keeping an expansionary monetary policy in Vietnam is necessary in the context the economy is in the early stage of recovery and the majority of enterprises are in […]
Read More
Thailand
