This tag is associated with 17 posts

Yuan Contagion: Vietnam’s Central Bank Devalues Currency For Third Time In 2015

Vietnam’s Central bank has devalued the nation’s currency on Wednesday for the third time this year and widened the its trading band, in the latest sign of stress in Asian exchange rates following a move last week by China to devalue its currency. The State Bank of Vietnam weakened its currency reference rate by 1 percent and increased the … Continue reading

Vietnam Equities Lead Southeast Asia As Government Is About To Remove A 49% Foreign Ownership Cap

Vietnamese equities are outperforming the rest of Southeast Asia as the government is to remove a 49% foreign ownership cap in September. The Vietnamese stock market has climbed 13.4% and is leading gains in Southeast Asia followed by the Philippines so far this year. Investors are preferring large cap names as they offer more liquidity. Here are … Continue reading

Why Vietnam Needs To Bring Down Its Currency To Improve Competitiveness

By Chu Nguyen The appreciation of the Vietnamese dong, coupled with characteristics specific to Vietnam’s transitional economy, leaves the State Bank of Vietnam (SBV) with difficult choices in conducting monetary policy. Luckily, the SBV retains adequate fiscal flexibility to respond to this pressure through its exchange rate policy. Vietnam has, for several decades, pegged the dong to … Continue reading

With Eyes On MSCI Upgrade To EM: Vietnam Stocks, ETF’s May Be Set For Revival As Ownership Limits Lifted

As Vietnam eyes an upgrade from frontier market status to emerging market status by MSCI, the nation has eased curbs on foreign ownership in an effort to boost inflows to the nation’s stocks, Bloomberg reports on Sunday. Foreign investors can now increase holdings to 100 percent from 49 percent starting in September in “a number” of industries, according … Continue reading

Vietnam Looks To Ramp Up Investment By Easing Regulations By Most In 25 Years

In a move to jumpstart its lagging investment climate, Vietnam is set to ease business regulations by the most in 25 years as it plans on accelerating the sale of its state-owned firms starting on July 1, Bloomberg reports. Starting July 1, the Vietnamese government will reduce the number of areas in which firms are prohibited from operating from … Continue reading

Vietnam Signs Free Trade Deal With Russia-led EEU Economic Block

“The Eurasian Economic Union (EEU) and Vietnam signed a free trade zone agreement on Thursday. It became the first international document on creating a free trade zone between the EEU and a third party,” RT reports. “The deal to establish the Eurasian Economic Union (EEU) was signed by the presidents of Russia, Belarus and Kazakhstan … Continue reading

Mark Mobius: The Once Forbidden Frontier Markets

By Mark Mobius, Templeton Emerging Markets Group Investing in frontier markets can come with a higher degree of volatility than more established markets, but to my team and me, they offer exciting potential. Some of yesterday’s small, agrarian economies have transformed themselves into global powers today—China being the most impressive example. China represents the second-largest economy … Continue reading

Russia To Propose Using National Currencies With Vietnam For Mutual Settlements, PM Says

Russia will propose to Vietnam the use of their national currencies for mutual settlements, primarily in trade and investment, Russian Prime Minister Dmitry Medvedev said during an interview with Vietnam’s national radio broadcaster Voice of Vietnam on Sunday. According to the Russian PM, Russia and Vietnam could easily make the switch to their national currencies – the … Continue reading

Vietnamese Government Announces Reform Push To Improve Business Environment, Economy

The Vietnamese government on Friday announced a reform push that it said is focused on improving the nation’s business environment, strengthening its business competitiveness, and improving its economy over the next two years in an effort to better compete against regional peers, Vietnam’s national radio broadcaster reports. Among a number of proposals by the government include reforms that would cut time-consuming … Continue reading

ADB President Highlights Cambodia’s Strong Growth, Remaining Challenges

Asian Development Bank (ADB) President Takehiko Nakao yesterday (March 10th) met Cambodia’s Prime Minister Samdech Hun Sen, Minister of Economy and Finance, Aun Pornmoniroth, and Minister for Education, Youth and Sport, Hang Chuon Naron to discuss the Cambodian government’s development strategy and how ADB can support its efforts to diversify the economy, promote inclusive growth and … Continue reading

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