Laos, China sign currency settlement agreement World

Laos, China sign currency settlement agreement

Laos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to making conversions through other currencies previously.
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.
Indonesia: great momentum for economy ASEAN

Indonesia: great momentum for economy

More than 40 companies have lined up to raise about 30 trillion Rp (2.2 billion USD) in fresh capital through initial public offerings (IPO) and bond and rights issuances through the Indonesia Stock Exchange (IDX) within the next few months, according to the Financial Services Authority (OJK).
Foreign exchange market to be stable in 2018 Business

Foreign exchange market to be stable in 2018

Commercial banks are optimistic about the foreign exchange market in 2018, noting the market would be stable with VND devaluing slightly by some 0.5-1 percentage points to 22,710 VND to 22,950 VND.
Experts discuss finance in digital era Business

Experts discuss finance in digital era

The function of finance has developed remarkably in recent times to meet the constant changes brought about by technological evolution, heard a seminar in Ho Chi Minh on November 22.
US-dollar loan demand rises Business

US-dollar loan demand rises

Demands for loans in US dollars have again increased in recent months, thanks to low interest rates and a stable exchange rate.