Posts Tagged ‘ Lose Value ’

Monetary policy expert discounts talk of dong depreciation

July 2, 2009
Monetary policy expert discounts talk of dong depreciation

In the context of a growing trade deficit, Associate Professor Dr. Tran Hoang Ngan talked about the outlook for the value of Vietnam’s currency, the dong, against foreign currencies. Associate Professor Dr. Tran Hoang NganNgan said recent data showing an increasing trade deficit has raised expectations that the dong will lose value against foreign currencies. [...]

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Fraud feared in interest rate support program

March 13, 2009
Fraud feared in interest rate support program

LookAtVietnam – The Government’s subsidized lending program has heaped praise from the corporate sector but bankers have expressed concern that some might profiteer from loopholes in this stimulus program. An expert warned that the Vietnamese dong had fallen about 10% against the U.S. dollar since January last year, and that it would lose value by [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...