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Dong devaluation cause for concern

Dong devaluation cause for concern

With a double dose of the Federal Reserve’s possible rate hikes combined with the Chinese yuan’s 1.5% retreat in May, there is concern it could trigger the dong’s further devaluation and have an unkind impact on the local economy as a whole.

Thailand, China cement economic ties

Thailand, China cement economic ties

Thailand and China have agreed to double their bilateral trade to US$120 billion in the next five years from an estimated US$60 million at the end of this year.

SBV to take synchronous measures in exchange rate management

SBV to take synchronous measures in exchange rate management

The State Bank of Vietnam (SBV) will keep a close watch on the development of domestic and global macro economies and monetary markets to assure synchronous exchange rate management, said SBV Deputy Governor Nguyen Thi Hong.