Vietnam Business News
Vietnam Business News |
- Difficulties in stabilising petrol prices
- VinaSecurities’ Pham says Dong devaluation is a ‘good move’
- Adjusting exchange rate to curb inflation
| Difficulties in stabilising petrol prices Posted: 12 Feb 2011 08:02 AM PST Apart from different views on how to use the price stabilisation fund, the price management is getting more difficult as the coal, electricity and water supply sectors are asking for an increase of their selling prices. A positive sign is the decrease of the price of food and foodstuff by 10-20 percent after the Lunar New [...]
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| VinaSecurities’ Pham says Dong devaluation is a ‘good move’ Posted: 12 Feb 2011 06:38 AM PST Alan T. Pham, chief economist at VinaSecurities Joint-Stock Co., a brokerage unit of Vietnam's biggest fund manager, comments on the country's currency devaluation. Pham spoke by phone from the U.S. The State Bank of Vietnam devalued the dong by about 7 percent today, the most since at least 1993, seeking to curb the nation's trade deficit [...]
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| Adjusting exchange rate to curb inflation Posted: 12 Feb 2011 06:37 AM PST If the exchange rate is managed well along with other solutions, inflation will be controlled, helping stimulate economic growth and stabilise the macroeconomy. On February 11, the State Bank of Vietnam (SBV) decided to raise the interbank exchange rate to VND20,693 per US$1 and narrow the trading band from 3 percent to 1 percent on the [...]
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