Top 10 world economic events of 2019 World

Top 10 world economic events of 2019

Below is a recap of ten of the year’s most consequential headlines impacting consumers, investors and financial markets worldwide chosen by the Vietnam News Agency.
Laos, China sign currency settlement agreement World

Laos, China sign currency settlement agreement

Laos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to making conversions through other currencies previously.
Top 10 world economic events of 2019 World

Top 10 world economic events of 2019

Below is a recap of ten of the year’s most consequential headlines impacting consumers, investors and financial markets worldwide chosen by the Vietnam News Agency.
ASEAN+3 discuss cooperation in response to financial crises World

ASEAN+3 discuss cooperation in response to financial crises

Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them.
VN currency suffers from US-China trade war Business

VN currency suffers from US-China trade war

The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the USD/VND exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.
Vietnamese stocks down, led by banks Business

Vietnamese stocks down, led by banks

Vietnamese shares retreated on February 2 from gains on January 29 on both local markets as fears that the Vietnamese dong may weaker hurt financial firms.
Forex fears put end to market rally Business

Forex fears put end to market rally

Vietnamese shares on December 9 pulled back on both local bourses after previous day’s rally amid investor concern that an overvalued dong will undermine the country's export competitiveness.