Dong Devaluation View Playing Out

January 2010
Asia Monitor: South East Asia Monitor Volume 1;Jan2010, Vol. 21 Issue 1, p5
Country Report
The article presents highlight of the economic outlook for Vietnam in 2009. According to Business Monitor International Ltd. (BMI), dong devaluation would set the exchange rate to 18,500 Vietnamese dollars/U.S. dollars on November 25, 2009 and believes that it would expand to 5% (18,860 Vietnamese dollars/U.S. dollars) before the end of the year. In addition, BMI also foresee further downturn on Vietnamese stocks as the macroeconomic re-adjustment begin.


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