Dung Quat Oil Refinery processes 53 percent of crude oil Business

Dung Quat Oil Refinery processes 53 percent of crude oil

The crude distillation unit (CDU) at the Dung Quat Oil Refinery, located in the Dung Quat Economic Zone, Binh Son district, central Quang Ngai province, on February 10-13 processed 53 percent of imported crude oil for the first time.
Forex rate forecast to remain stable till year-end Business

Forex rate forecast to remain stable till year-end

The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
Vietnam’s road sector forecast to grow 7.2 pct in 2019 Business

Vietnam’s road sector forecast to grow 7.2 pct in 2019

The expansion of Vietnam’s road network would continue in the next decade in order to support growing freight transport volumes due a projected increase in economic activity, Fitch Group’s Fitch Solutions Macro Research forecast in a report released on May 14.
Exchange rate to be stable in 2019 Business

Exchange rate to be stable in 2019

The Vietnamese Dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast.
Vietnam to keep outperforming region: Fitch Solutions Business

Vietnam to keep outperforming region: Fitch Solutions

Vietnam’s economy expanded by 7.1 percent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.
Fitch lowers Malaysian growth forecast to 4.6 percent World

Fitch lowers Malaysian growth forecast to 4.6 percent

Fitch Solutions Macro Research, a rating agency of Fitch Group, has cut its growth forecast for Malaysia for 2018 to 4.6 percent compared with its previous forecast of 5.1 percent, following a weaker-than-expected performance in the third quarter of the year, according to The Star.