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.
Forex rate under pressure of US-China trade tensions Business

Forex rate under pressure of US-China trade tensions

The foreign exchange market in Vietnam has heated up recently when the daily reference exchange rate set by the State Bank of Vietnam (SBV) continuously climbed to new record levels and the VND/USD rates listed at commercial banks also surged.
ASEAN+3 economy to remain stable in long run despite risks World

ASEAN+3 economy to remain stable in long run despite risks

The economic growth of the ASEAN+3 region, including 10 member Southeast Asian nations and the Republic of Korea, Japan and China, is expected to remain resilient in the long run despites escalating global trade tensions and external headwinds, according to the latest report released by the ASEAN+3 Macroeconomic Research Office (AMRO) on May 1.
Vietnamese dong given stable outlook Business

Vietnamese dong given stable outlook

The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese yuan, experts said.