Tags: yuan

VND stable as USD rises and yuan is weakening

VND stable as USD rises and yuan is weakening

The VND remained resilient against external factors including the stronger greenback and the weakened Chinese yuan, with a forecast for the dong to devalue by some 1% by the end of the year to short up exports.

Unstable global securities market

Unstable global securities market

(VOV) - Instabilities in the Chinese securities market and escalating tension in the Middle East have affected the global stock market.

Vietnam still safe from yuan devaluation

Vietnam still safe from yuan devaluation

The government of Vietnam has said that the national economy has not been hurt by the Chinese yuan devaluation but analysts are less optimistic.

China’s currency crisis signals an economy in decline

China’s currency crisis signals an economy in decline

(VOV) - As a consequence of China’s devaluation of its currency, the yuan, last week by roughly 4% against the US dollar, Vietnam exporters will struggle to remain price competitive in both the domestic and overseas markets.

Breakthrough in Japan – China relations

Breakthrough in Japan – China relations

Japan and China on June 1 began direct bilateral trade of their currencies (Yen and Yuan). This not only simplifies trade and financial transactions between the countries but also has a considerable impact on their political relations.

U.S.: Yuan still too cheap

U.S.: Yuan still too cheap

A Treasury report on foreign exchange rates has lawmakers in a tizzy about China's cheap currency.

Obama hopes for yuan move, but China pushes back

Obama hopes for yuan move, but China pushes back

US President Barack Obama said on April 13 that China had yet to set a timetable for reforming the yuan despite "frank" conversations with Chinese President Hu Jintao and a Chinese spokesman said Beijing would not bow to foreign pressure on currency reform.