BMI Raises Dong Forecast

April 2008
Asia Monitor: South East Asia Monitor Volume 1;Apr2008, Vol. 19 Issue 4, p5
Country Report
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.


Related Articles

  • DATA & FORECASTS.  // Asia Monitor: South East Asia Monitor Volume 1;Apr2008, Vol. 19 Issue 4, p5 

    The article reports on the economic condition in Vietnam as of 2007-2008. The government has estimated growth of 8.48% in 2007, up from 8.2% in 2006. The Asian Development Bank (ADB) for its part is anticipating GDP growth to rise from an estimated 8.5% in 2007 to 8.7% in 2008. Meanwhile,...

  • Vietnam: More Tightening Likely, But No BoP Crisis.  // Emerging Markets Monitor;6/16/2008, Vol. 14 Issue 11, p7 

    The article reports on the economic prospects of Vietnam in light of higher interest rates. The State Bank of Vietnam increased prime interest rate to 14 percent, refinancing rate to 15 percent, and discount rate to 13 percent. Higher rates are expected to curb imports, thereby helping reduce...

  • Currency Forecast.  // Vietnam Tourism Report;Q4 2010, p34 

    The article presents Vietnam currency forecast for 2010-2011. Business Monitor International (BMI) expect further weakness for the dong during the forecast period as inflation remains a problem. As a result of the weaker dong, Vietnam's trade deficit is expected to narrow in the short term. The...

  • UAH: Seeing Medium-Term Appreciation.  // Emerging Europe Monitor: Russia & CIS;Mar2011, Vol. 15 Issue 3, p4 

    The article presents insights from the research firm Business Monitor International Ltd. (BMI) on the medium-term appreciation for the Ukrainian hyrvnia (UAH) currency in 2011. The authors based their forecast on the strong foreign capital inflows into the country due to its economic growth...

  • Growth Bottoming Out But Recovery Uncertain.  // Asia Monitor: South East Asia Monitor Volume 1;Jul2009, Vol. 20 Issue 7, p1 

    The article offers an economic forecast from Business Monitor International Ltd. (BMI) regarding the economic condition of Vietnam in 2009. BMI notes that it maintained its below-consensus 2.9% gross domestic product (GDP) growth forecast but is recognizing upside risks to the forecast. BMI...

  • VIETNAM TOURISM REPORT.  // Vietnam Tourism Report;Q3 2012, Issue 3, p1 

    The article presents the forecasts of Business Monitor International Ltd. (BMI) on the tourism industry in Vietnam until 2016. It says that the growth of tourism in the country in the first quarter of 2012 is reflecting the efforts of the government to expand the industry. It adds that the...

  • Slowing Economy Raises Political Risk.  // Asia Monitor: South East Asia Monitor Volume 1;Apr2009, Vol. 20 Issue 4, p1 

    The article offers forecasts on the economic conditions in Vietnam for the year 2009 amidst political ructions in the country. According to the article, Business Monitor International Ltd. (BMI) see no major risk of mass unrest despite economic downturn which is predicted to an increase in...

  • Is Dong Devaluation An Easy Way Out?  // Asia Monitor: South East Asia Monitor Volume 1;Apr2009, Vol. 20 Issue 4, p4 

    The article presents an economic outlook of Vietnam as of the year 2009. According to the article, economic experts from Business Monitor International Ltd. (BMI) expect that the Vietnamese economy continue to be range-bound around US$17,500 in the short term. In addition, they believe that the...

  • Stimulus Package Fraught With Question Marks.  // Asia Monitor: South East Asia Monitor Volume 1;May2009, Vol. 20 Issue 5, p5 

    The article presents the economic outlook in Vietnam through 2010. According to the report of Business Monitor International Ltd. (BMI), the country's 2.9% forecasted growth for 2009 will be maintained as the gross domestic product (GDP) has grown by an estimated 3.1% year-on-year in the first...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics