China's prolonged falling yuan may harm Vietnam's trade Business

China's prolonged falling yuan may harm Vietnam's trade

China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase. The escalating tension between the two world powers is predicted to have negative impacts on Vietnam’s trade in the short term.
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Central bank to closely monitor forex market

The State Bank of Viet Nam has said that it would closely monitor exchange rate movements and balance of payment figures to manage the rate in a manner that would encourage dong holdings and limit shifting to US dollar holdings.