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yuan

Yuan price reduction affects on local industry: experts

Yuan price reduction affects on local 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.
Chinas prolonged falling yuan may harm Viet Nams trade

China's prolonged falling yuan may harm Viet Nam's trade

China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase.
VN stocks gain slightly amid global market concerns

VN stocks gain slightly amid global market concerns

Vietnamese shares inched up on Wednesday morning as investors sought safe investment in banks, retailers and food and beverage companies.
Yuan payment allowed in VN, China border areas

Yuan payment allowed in VN, China border areas

Chinese yuan will be allowed for payment in the border areas between Viet Nam and China.
Vietnamese dong should be devaluated at moderate rate, says VEPR

Vietnamese dong should be devaluated at moderate rate, says VEPR

VEPR has suggested devaluing the Vietnamese dong against the US dollar, but at a slower rate than the depreciation of China’s yuan against the greenback.
Ministry releases anti-dumping duties for import stainless steel products

Ministry releases anti-dumping duties for import stainless steel products

The Ministry of Industry and Trade on July 4 released anti-dumping duties on imported cold-rolled stainless steel products after its second review for application of the duties.
Yuans global popularity will impact VN economy

Yuan's global popularity will impact VN economy

The inclusion of China''s yuan into the International Monetary Fund (IMF)''s basket of reserve currencies last Saturday will impact finance across the globe, and Viet Nam is no exception.
Japan budget carrier Vanilla flies to HCM City

Japan budget carrier Vanilla flies to HCM City

Vanilla Air, the low-cost airline owned by Japan''s ANA Holdings Inc., launched its first flight from HCM City to Tokyo (Narita Airport) via Taipei (Tao Yuan Airport) on September 15.
Increase in overseas forex trading normal

Increase in overseas forex trading normal

A surge of US$5.9 billion in overseas foreign currency deposits by local commercial banks in the third quarter of last year was normal.
Yuans effect on VN economy uncertain

Yuan's effect on VN economy uncertain

With the International Monetary Fund (IMF) including China''s yuan in its elite reserve currency basket, impacts from the step on Viet Nam''s economy...
Yuan adjustment yet to affect firms

Yuan adjustment yet to affect firms

Monday adjustment of China''s yuan is yet to impact Vietnamese businesses, experts said.
Banks want bigger foreign stakes

Banks want bigger foreign stakes

Recently Vietinbank said the Government and the State Bank of Viet Nam should allow it to sell bigger stakes to foreign investors to make its offer more attractive for them.
Viet kieu, foreigners invest in homes

Viet kieu, foreigners invest in homes

The changes to the housing law allowing foreigners and Viet kieu (overseas Vietnamese) to buy houses in Viet Nam (from July 1) has had an impact on the housing market.
Shares sink on exchange rate turmoil

Shares sink on exchange rate turmoil

China''s sudden devaluation of the yuan today, accompanied by the State Bank of Vietnam''s decision to revise the exchange rate band had negative impact on the domestic stock market.
Experts against yuan payments

Experts against yuan payments

A proposal by the Chinese Business Association and Industrial and Commercial Bank of China (ICBC) for making payments in renminbi, or the Chinese yuan (CNY), in Viet Nam has met with opposition.