Bao viet nam

When it comes to foreign exchange, Vietnam has enjoyed a surplus since 2016. This marks a difference from 2015 and the 2007-2011 period (when the dong depreciated quickly). Notably, the surplus in balance of payments comes from both current account and capital account. Vietnam’s overall balance of payments is expected to continue its high surplus in 2020 due mainly to trade surplus, FDI inflows and stable remittances. The pressure piled on foreign exchange rate, if any, comes principally from the weakening of the Chinese yuan as well as other currencies of emerging economies, and may enfeeble the competitiveness of Vietnam’s exports. However, the risk of being included in the U.S. lists of “currency manipulators” is substantial enough to prompt the central bank to take extreme caution when depreciating the dong. The domestic currency is forecast to lose at most 2% of its value this year. … [Read more...] about Not too many macro fluctuations expected for 2020

Many people rush to the flower street from early morning The flower street stretches 700 meters on Ton Dat Tien Street, surrounding the Crescent Lake The flower street features rice branches, flower fields and rat statues The flower street comprises four main parts - spring road, spring wharf, spring garden and spring contribution The flower street includes five fields of chrysanthemum, sunflower, periwinkle, cosmos and blue salvia Phu My Hung spring flower street has attracted a large number of visitors as it opens early The entrance of the flower street A  bamboo statue of a giant rat, the zodiac animal of the next lunar year … [Read more...] about Phu My Hung spring flower street crowded with visitors

“The pressure that might depreciate the dong in Q1 and the first half of Q2 was quite high,” said Le Quang Trung, deputy general director and head of the treasury and capital division at VIB Bank. However, he said, things changed in Q2 and Q3. Instead of lifting interest rates the Fed did the opposite, bringing them down to promote economic growth, and thus the flow of foreign direct investment (FDI) returned to Vietnam, a country said to benefit from the trade war between the U.S. and China. … [Read more...] about Peacetime in sight for the dong

According to Giang A Pao, a Mong ethnic porter, who is in charge of guiding climbers to the two mountains, at the height of 2,000 to 2,500 meters are charming maple forests with age-old trees whose trunk is so big that one is unable to embrace the whole of it. … [Read more...] about Maple forests in Vietnam