TITLE

BMI Raises Dong Forecast

PUB. DATE
April 2008
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Apr2008, Vol. 19 Issue 4, p5
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article provides an outlook of the economic situation of Vietnam for 2008. According to Business Monitor International Ltd. (BMI), due to monetary tightening and an increased acceptance of currency appreciation by the government, they raised their end 2008 target for the dong from Vietnamese Dong (VND) 15,950/dollar to VND15,700/dollar, an appreciation of 2% over the year. It adds that the growing trade deficit is a key downside risk to BMI's dong forecast.
ACCESSION #
31380702

 

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