The Thai baht has staged a strong recovery against US dollar after suffering a brief sell-off earlier this year, but the Thai Government is increasingly worried that continual strength in the currency could hit exports.
Vietnam’s stock market capitalisation increased 13 percent against the end of last year, reaching nearly 3.97 quadrillion VND (169.5 billion USD) by the end of August.
Vietnam, as one of the founding members of the Asian Infrastructure Investment Bank (AIIB), pledges to be a reliable and prestigious member that contributes to the bank’s effective operation.
Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.
Vietnam’s stock market will have to pin its hopes on foreign investors to continue recovering in September, said Bernard Lapointe – head of the research division at Rong Viet Securities Corporation.
The Hanoi Stock Exchange organised 38 auctions in August, mobilising a total of over 17.3 trillion VND (744.3 billion USD) worth of Government bonds, up 9.9 percent from the previous month.
Credit growth in the first eight months of this year rose by 8.18 percent over the end of last year, the lowest level since 2015, a report from the Ministry of Planning and Investment showed.
With a debt mountain of 12.17 trillion THB (372 billion USD), or 77.6 percent of the national GDP at the end of March, Thai households are among the biggest borrowers in Asia, and they find it difficult to keep up with payments.
Credit growth had stood at about 8.18 percent as of August 15, 2018 and is expected to be curbed at around 17 percent this year, said Minister-Chairman of the Government Office Mai Tien Dung.
Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.
The affordable apartment segment will be the star of the property market in the coming years, but its supply is increasingly scarce while the demand for this type of apartment remains high, according to an analysis by property services firm CBRE Vietnam.
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.
A capital shortage for local paper manufacturers could make them lose out to foreign direct investment (FDI) enterprises in their own country, according to experts.
Remittances to Vietnam have increased despite the rise in USD price against other currencies and the zero interest rate for foreign currency savings, factors experts said would impact remittance flow.
Vietnam has been advised to carefully consider whether to borrow official development assistance (ODA) loans in the future.
Thailand’s economy in April-June grew at a slower pace than in the previous quarter, but the National Economic and Social Development Board (NESDB) kept its yearly GDP growth forecast of the country at 4.2-4.7 percent.
Singapore’s non-oil domestic exports (NODX) increased by 11.8 percent in July year-on-year, surpassing expectations, according to the country’s International Enterprise (IE).
The Hanoi Stock Exchange (HNX) raised 3.91 trillion VND (168.5 million USD) at the latest auction of Government bonds (G-bonds) issued by the State Treasury earlier this week.
