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.
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.
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.