The Hanoitimes – The plant specializes in producing zippers and raw materials for the garment industry with a scale of 420 million products per year. Major zipper maker YKK Corporation started operating its second plant with an investment of US$59.9 million in Vietnam this week, aiming to meet growing demands for zippers in the world market, […]
Read MoreThe Hanoitimes – The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar. The Vietnamese government is taking bold steps to eliminate the dollarization in the economy, prohibiting lenders including commercial banks from providing […]
Read MoreThe Hanoitimes – While the Vietnamese manufacturing sector has been one of the best performers globally in recent months, the slowdown in global trade flows amid trade tensions between the US and China is starting to impact firms. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) fell to 50.5 in September, signaling only a marginal […]
Read MoreThe Hanoitimes – Addressing the two remaining prerequisites for reclassification only requires a new decree or circular issued by Ministry of Finance, instead of going through many processes subject to approval from the National Assembly. Vietnam may be upgraded by global provider of financial services FTSE Russel in the 2020 review period, after being retained […]
Read MoreThe Hanoitimes – Rising foreign direct investment and “buoyant domestic demand, as suggested by the recent robust retail sales growth,” will keep the momentum going through year-end and in early 2020, said Maybank economists in a research note. Economists are upgrading their growth projections for Vietnam after data released last weekend showed the economy surged more […]
Read MoreThe Hanoitimes – Vietnam’s trade turnover reached US$382.72 billion in the January – September period, of which its export value amounted to US194.3 billion, up 8.2% year-on-year, and imports totaled US$188.42 billion, up 8.9%. Vietnam reported an estimated trade surplus of US$0.5 billion in September, leading to a surplus of US$5.9 billion in the first […]
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Thailand
