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Vietnam steps up fight against dollarization

The 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 […]

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Economists upgrade Vietnam’s growth forecasts as Q3 GDP growth accelerates

The 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 […]

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Vietnam trade surplus expands to US$5.9 billion in Jan-Sep

The 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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