The State Bank of Vietnam (SBV) will persist in monetary policy management solutions towards macroeconomic stability, but closely follow all developments to manage the situation in an appropriate manner, SBV Governor Nguyen Thi Hong said, given the Federal Reserve System (Fed)’s latest interest rate increase.
The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade (MoIT).
Prime Minister Pham Minh Chinh chaired a meeting attended by ministries and sectors on July 28 to discuss short- and long-term measures for keeping inflation under control, stabilising the macro-economy, and promoting socio-economic recovery and development.
The Fed’s latest move did not come as a surprise to the market, as many had anticipated a rise in interest rates due to record inflation in the US during the past months.
Vietnam advanced to the semi-final round of the Junior Davis Cup/Junior Fed Cup Asia Oceania Pre-Qualifying Tournament as the second-placed teams of their groups on February 26 in Indonesia.
Both boys’ and girls’ teams of Vietnam won their first matches at the Junior Davis Cup and Junior Fed Cup Asia-Oceania Pre-Qualifying Tournament on February 24 in Indonesia.
Vietnam's young tennis stars are in Indonesia to take part in the Junior Davis Cup and Junior Fed Cup Asia Oceania Pre-qualifying 2020 from February 24 to 29.
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.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong on May 15 stressed the need for Vietnam’s livestock industry to focus on devising policies and production organization methods to meet market demand for food.
The yield of Government bonds (G-bond) has continued to decline and hit seven-month lows as the US Federal Reserve (Fed) seems unlikely to hike interest rates and the domestic monetary market has shown positive movements.
Member states of the Association of Southeast Asian Nations (ASEAN) should prioritise progress on regional initiatives to cope with major economic headwinds in the context of increasing US-China trade tensions, according to eastasiaforum.org.
The Vietnamese monetary market will not suffer from any significant impact from the US Federal Reserve (FED)’s fourth interest rate hike in 2018 as the move was already expected, experts have said.
The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Vietnam’s economy significantly as the move was foreseeable, according to experts.
Vietnamese shares advanced on August 22 despite investors’ profit-taking as overall market sentiment remained positive about the possibility of resolving China-US trade tensions.
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