Hard choice for logistics hub dream
Both the North Van Phong area in the coastal province of Khanh Hoa and the Chu Lai Airport in the central province of Quang Nam have ample opportunities to build world-class logistics hubs. However, questions remain as to whether regional development strategies should be focused solely on
Why a wider trading band
The State Bank of Vietnam (SBV) on October 17, 2022 widened the trading band of the Vietnamese dong currency from 3% to 5% on either side of the central exchange rate, with immediate effect, amidst interest rate hikes by central banks around the world Another factor behind the scenes, however, was
A forex policy that can work
It is probably high time for Vietnam to embrace a more flexible forex policy, possibly a measured floating scheme similar to the approach taken by regional countries in the aftermath of the 1997-1998 financial crisis. Current forex policy In the past, reality in Vietnam showed that the currency
Risks still abound
Corporate bond market risks are emerging as warned by authorities. Tan Hoang Minh Group and Van Thinh Phat Holdings Group Corporation are among the cases in point. Bond redemptions urged The price of shares of VKC Holdings Joint Stock Company (VKC), formerly known as Vinh Khanh Cable Plastic
Gasoline queues
Stabilizing the commodity market and consumer sentiment is of paramount importance to growth and consumption. The recent past saw long queues of people at gas stations as supply fell short, which triggered worries about fuel market chaos. The phenomenon, however, offers an insight into
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