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Chinese yuan devaluation
Update news Chinese yuan devaluation
VND depreciates less than other regional currencies
The US Federal Reserve has cut the FED Funds Rate by 0.25 percentage points to 2.5 percent because of the global economic growth slowdown, the trade tensions between the US and other countries, and low inflation rate.
Yuan price reduction affects on VN industry: experts
The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Viet Nam’s yarn industry, according to Viet Nam Textile and Apparel Association.
Further VND devaluation will only benefit China: economists
The State Bank of Vietnam (SBV) has made a reasonable decision not to devalue the dong further as the continued devaluation will only benefit China, according to Dr. Bui Trinh and Dr. To Trung Thanh, experts on the Chinese economy.
Vietnam still safe from yuan devaluation
VietNamNet Bridge - The government of Vietnam has said that the national economy has not been hurt by the Chinese yuan devaluation but analysts are less optimistic.
Vietnamese businesses scared stiff about yuan devaluation
VietNamNet Bridge - Vietnamese enterprises doing business with China are deeply concerned about the Chinese yuan depreciation, now at a two-decade low.
What does Vietnam gain and lose with a devalued Chinese yuan?
VietNamNet Bridge - The weaker Chinese yuan will have a negative impact on Vietnam’s trade balance and put pressure on the dong and the stock market, but it will also help ease Vietnam’s debts.
SBV widens forex trading band. What’s next?
VietNamNet Bridge - Economists have repeatedly urged the State Bank of Vietnam (SBV) to devalue the dong in response to the Chinese yuan devaluation. SBV, in its latest move, shows signs that it will continue stabilizing the dong.
