Economy and commerce
State Bank of Vietnam assures no further dong/dollar exchange rate changes
The State Bank of Vietnam (SBV) will not make any further adjustment to the Vietnam Dong/US Dollar exchange rate this year, SBV Deputy Governor Nguyen Thi Hong said in a press release issued late on 24 August. Keep reading ...
How China's downturn is impacting southeast Asia
China’s economic growth for this year is projected by the International Monetary Fund to fall to 6.8 percent – its slowest pace of expansion in over two decades. The slowdown in China – which now accounts for about 15 percent of the global economic output – ...
Watching markets from the sidelines
As Chinese markets plunged 8.49 per cent on 24 August sending jitters across global indices, industry insiders were cautious about its potential spillover effects into Cambodia, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector. Jay Menon, lead economist for trade ...
Consumer confidence posts larger fall in August
The ANZ-Roy Morgan Vietnam Consumer Confidence index slid 4.9 points to 133.7 points in August, 1.8 points lower than a year ago. The decline was caused by reduced confidence across all components of the survey. In terms of personal finances, just one third of respondents (31 ...
Vietnam pushes ahead with business climate improvement
Improving the business environment is vital to increase competitiveness for enterprises, especially in the light of international integration, heard a workshop in the Mekong Delta city of Can Tho on 25 August. Keep reading ...
Ministry reveals CSR history for country’s largest oil and gas firms
The corporate social responsibility (CSR) contributions made by international oil companies operating in Myanmar have been made public for the first time, with France’s Total E&P Myanmar at the top of the list. The Ministry of Energy (MoE) has released figures dating back to 1998, on ...
Vietnamese firms ignore rural potential: media
Despite being seen as the decisive factor in achieving sustainable rural development, Vietnam’s business sector still remained largely an untapped power, local newspaper Vietnam News on 26 August quoted officials and experts as saying. Keep reading ...
New strategy for Japan, Mekong cooperation
Japan and four Southeast Asian nations along the Mekong River Basin – Vietnam, Laos, Myanmar and Thailand – have approved a plan to speed up industrial development in the region. Keep reading ...
Central Bank fires warning shot on USD pricing
As the kyat continues its eight-month slide against foreign currencies, the Central Bank of Myanmar will soon set down punishments against businesses charging in US dollars, according to official sources. In May, the Central Bank halved US dollar withdrawal limits and warned local businesses to cease ...
Great fall of China sinks Thai, world stocks
Thai shares are heading towards a bear market after falling by 4.73% Monday in the deepening global equities rout. There are major concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction ...
