Vietnamplus

The Consumer Price Index (CPI) of November increased by 0.96 percent compared to last month, the highest growth for November’s CPI in the last nine years.

Jeju Air, the biggest low-cost carrier of the Republic of Korea (RoK), announced on November 22 that it has opened direct routes to Phu Quoc Island of Vietnam and Bohol Island of the Philippines.

Malaysia recorded a 4.4-percent expansion in its gross domestic product (GDP) in the third quarter of 2019, compared to 4.9 percent in Q2.

The Bank of Thailand (BoT) on November 6 cut its benchmark interest rate for the second time in three months to a record low of 1.25 percent.

Thailand’s rice sector is enduring one of its most difficult periods as a strong baht has made its exports uncompetitive, said Chookiat Ophaswongse, Honorary President of the Thai Rice Exporters Association (TREA).​

Thanks to the support from the local administration and the dynamism of local firms, the northern province of Vinh Phuc has enjoyed high revenue from goods and services so far this year.

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 is expected to remain one of the top ten remittance receivers in 2019, according to the latest edition of the World Bank’s Migration and Development Brief released recently.

Thailand’s currency has surged in value to a 6-year high of 30.33 baht per US dollar at the end of October 9.

The northern province of Vinh Phuc has become popular among both domestic and foreign investors as a friendly and promising destination for successful projects.

The Vietnam International Plastics and Rubber Industry Exhibition (VietnamPlas) opened on October 3 in HCM City, showcasing advanced technologies and machinery and equipment used in the plastics and rubber industry.

Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.

Vietnam’s benchmark VN-Index could breach the 1,000 point mark in the last quarter of the year after the Q3 corporate earnings season and with investors shifting attention towards firms with hopes for full-year earnings growth.

Indonesia’s House of Representative passed the 2020 state budget on September 24, focusing on five prioritised fields, to avoid an economic downturn amid a risk of recession in developed economies and a global trade war.

Vietnam’s local currency bond market grew 2.6 percent to 52.9 billion USD in the second quarter of this year, after a 0.7 percent expansion in the first quarter.

The State Bank of Vietnam (SBV)’s reference interest rate cut will allow credit institutions to access capital from central bank at a lower cost and stablise their own rates.

Vietnam's tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets.

Vietnam’s economy maintained growth across sectors, especially tourism, in the first eight months of 2019 despite global economic challenges and escalating trade tensions, Prime Minister Nguyen Xuan Phuc said at a cabinet meeting in Hanoi on September 4.

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.

The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Vietnam’s yarn industry, according to Vietnam Textile and Apparel Association (VITAS).