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Improving Investment Climate in Vietnam

by ervinfreds

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According to the latest Vietnam Dong news, the Vietnam’s Central Bank ruled out further devaluation and gave assurance to support the currency. The Dong Dollar exchange rate will not be adjusted and all necessary measures will be adopted to stabilize the rates. The foreign-exchange reserves of the country are at high levels and as a result of big balance of payment surplus the bank will maintain the exchange rate till the end of the current year. The pressure on the currency is eased to a great extent thanks to the bank’s forecast that the country will have a balance of payments surplus of $5 billion in the current year. As a result of the higher exchange rate, the export value calculated in local currency will increase. The decreasing trend of the exchange rate is halted by the increase in the dollar price so that there will be no more negative impact on the country’s export earnings. Since March this year, the central bank has sold 44 tons of gold mostly to banks and jewelers.

The Vietnam investment review reveals that international investors are keenly watching the negotiations on involvement in Vietnam in Tans-Pacific partnership. Another interesting observation is that the real estate in Vietnam has gained momentum resulting in many actual deals. As part of its development strategy the government of Vietnam is committed to encourage foreign investment and improve the investment as well as the business climate in the country. The country has made considerable progress in implementing various obligations – international as well as bilateral. The Vietnam investment review highlights the regular business meetings between the government of Vietnam and the private sector – domestic and foreign – to discuss important issues. During such meetings the foreign investors get the opportunity to draw the attention of the government to various business impediments. The foreign investors are also allowed to comment on various legal and procedural reforms.

The recent Vietnam Dong news shows a rise in the buying price of the dollar to VND 21,100 from VND 20,826. The bank has asserted that it will not repeat the dong devaluation of last June. The latest increase in the buying price of the dollar is viewed as a common transaction of the central bank. The bank can increase the buying price of dollars in order to increase foreign exchange reserves. It was used for import of gold recently. Another benefit of the increase in dollar price is that it can halt the decreasing trend of the exchange rate which otherwise can make negative impact on the export earnings of the country.

 Vietnam economy is the most stable one, where the investors and collectors can have a better exchange rate. To get the latest vietnam dong news and vietnamese dong value for your collection, feel free to visit us online.

According to the latest Vietnam Dong news, the Vietnam’s Central Bank ruled out further devaluation and gave assurance to support the currency. The Dong Dollar exchange rate will not be adjusted and all necessary measures will be adopted to stabilize the rates. The foreign-exchange reserves of the country are at high levels and as a result of big balance of payment surplus the bank will maintain the exchange rate till the end of the current year. The pressure on the currency is eased to a great extent thanks to the bank’s forecast that the country will have a balance of payments surplus of $5 billion in the current year. As a result of the higher exchange rate, the export value calculated in local currency will increase. The decreasing trend of the exchange rate is halted by the increase in the dollar price so that there will be no more negative impact on the country’s export earnings. Since March this year, the central bank has sold 44 tons of gold mostly to banks and jewelers.

The Vietnam investment review reveals that international investors are keenly watching the negotiations on involvement in Vietnam in Tans-Pacific partnership. Another interesting observation is that the real estate in Vietnam has gained momentum resulting in many actual deals. As part of its development strategy the government of Vietnam is committed to encourage foreign investment and improve the investment as well as the business climate in the country. The country has made considerable progress in implementing various obligations – international as well as bilateral. The Vietnam investment review highlights the regular business meetings between the government of Vietnam and the private sector – domestic and foreign – to discuss important issues. During such meetings the foreign investors get the opportunity to draw the attention of the government to various business impediments. The foreign investors are also allowed to comment on various legal and procedural reforms.

The recent Vietnam Dong news shows a rise in the buying price of the dollar to VND 21,100 from VND 20,826. The bank has asserted that it will not repeat the dong devaluation of last June. The latest increase in the buying price of the dollar is viewed as a common transaction of the central bank. The bank can increase the buying price of dollars in order to increase foreign exchange reserves. It was used for import of gold recently. Another benefit of the increase in dollar price is that it can halt the decreasing trend of the exchange rate which otherwise can make negative impact on the export earnings of the country.

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