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.
WB forecasts Cambodia’s economy grows 7 percent in 2019 World

WB forecasts Cambodia’s economy grows 7 percent in 2019

Cambodia’s economy is projected to expand 7 percent in 2019, lower than the rate of 7.5 percent recorded in the previous year as export moderate in line with a fall in global demand, according to the World Bank (WB)’s report.

Vietnam marks 15-year membership of APEC

November 15 this year marks 15 years since Vietnam became a member of the Asia-Pacific Economic Cooperation (APEC) forum, a move which has proved greatly beneficial to the country’s international integration policy.

HSBC: Vietnam’s economy likely to be better in 2013

The year 2013 will likely be better for Vietnam’s economy than 2012 amid slowly improving domestic and external demand and the initial results from the country’s recent reform efforts.

According to the report “Vietnam at a glance” released on January 3 by Hong Kong and Shanghai Banking Corporation (HSBC), Vietnam’s economy slowed to 5.0 percent in 2012 from 5.9 percent in the previous year.

Investors keep powder dry before holidays

Sell-off pressures remained strong among domestic investors on the HCM City Stock Exchange on Dec.23, while the approaching Christmas holiday appeared to cause foreign investors to back away from the market following a furry of buys on Dec.20, said a market analyst with a HCM City-based securities firm, Nguyen Cong Chinh.