HANOI: The State Bank of Vietnam (SBV) has effectively devalued the dong currency by widening the exchange rate trading band to 5.0% from 3.0% on Monday, following a sharp fall in the currency resulting from fluctuations in the global market. The dong fell 0.66% to a record low of 24,270 per dollar on Monday, Refinitiv Eikon […]
Read MoreRetail stocks, in general, are expected to produce positive business results this year, especially in the third quarter. On that basis, the current market correction may open up opportunities to accumulate stocks in this sector for those investors with a medium- or long-term vision. Potentials brought by better purchasing power With the downward trend of […]
Read MoreVietnam will impose temporary anti-dumping duties on some table and chair products originating from China, the Vietnamese Ministry of Industry and Trade has said. In newly-issued Decision No. 1991/QD-BCT, the ministry said the anti-dumping tariffs imposed on the Chinese products will range from 21.4% and 35.2%. The investigated table and chair imports from China have […]
Read MoreReal estate sector attracted 3.5 billion USD in foreign direct investment (FDI) the first nine months of this year, accounting for mearly 19% of total FDI that the country lured in the period, coming second among sectors in terms of FDI attraction. According to Foreign Investment Agency under the Ministry of Planning and Investment (MPI), […]
Read MoreVietnam’s gross domestic product (GDP) in ASEAN is expected to expand considerably over the next five years, with its rankings rising from sixth this year to third by 2027, according to the latest forecast made by the IMF. Specifically, Indonesia’s GDP leads the way in the ASEAN region, reaching approximately US$1.29 billion, followed by Thailand […]
Read MoreVietnam’s GDP growth in 2022 and 2023 will be among the highest in Southeast Asian as shown in many international organisations’ forecasts and assessments on the Vietnamese economic outlook. Moody’s, the World Bank (WB), the International Monetary Fund (IMF), and the Asian Development Bank (ADB) have projected Vietnam will achieve a GDP growth of 8.5%, […]
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