The Vietnamese dong has strengthened against the U.S. dollar after hitting a peak in late July, with the exchange rate now at its lowest level in several months.
A prominent issue for many Vietnamese businesses concerns the proposed narrowing of the 0 per cent VAT rate for export services.
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Currency and interest rate fluctuations have had a detrimental impact on garment and textile exports.
According to Dragon Capital, the issuance of bonds this time is considered a necessary measure to moderate exchange rate fluctuations, rather than indicating a shift in monetary policy.
HSBC expects rising housing prices to constrain the SBV’s ability to deliver any further rate cuts.
More competitive land cost as well as lower occupancy rate are making emerging industrial areas in surrounding provinces become more attractive to investors and developers.
New projects achieve high sold rate of over 80 per cent of launched units, despite price increase.
Hoteliers in Khanh Hoa province are reducing room rates as they have been facing with a glut of rooms that leads to lower occupancy.
Vietnamese people now must pay for about 40 per cent of health services, a very high rate, causing about 700-800 thousand households to fall into poverty each year, according to a senior Oxfam expert.
National Assembly Chairwoman enjoyed the highest rate of "high confidence" which was 90.1 per cent whilst Education Minister fared the worst in a vote of confidence held by the National Assembly yesterday.
The growth rate of Vietnam economy in 2018 was raised to 6.8 per cent by the World Bank, making Vietnam become one of the few countries having enhanced growth prospects.
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The total value of these Government bonds is around VND1.45 trillion, equivalent to $62.3 million, higher than the value of a loan offered by JP Morgan Chase to LienVietPostBank.
Vietnam Manufacturing Purchasing Managers’ Index (PMI) in July indicated a slight ease of output, new orders and job creation rate but still business confidence seen picked up.
Start-ups will be provided with loans from the small and medium enterprise development fund with interest rates not exceeding 80 per cent of the lowest levels at commercial banks in which the State owns over 50 per cent of capital.
