Central bank curbs sale of dollars on Interbank market

Article Abstract:

The Vietnamese Central Bank is curbing the release of dollars in lew of growing fears that the dong will be next in the wave of currency devaluations sweeping Southeast Asia. The Vietnamese economy has been experiencing slower growth in terms of exports and foreign investment that business enterprises fear will put pressure on the dong's exchange rate. Some businesses have applied for dollars but some believe that none are forthcoming due to a possible hardening of monetary policy.

Currency Stabilization Programs, Analysis, Economic policy, Monetary policy, Currency stabilization, Asian dollar market

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International summit will pose a challenge for Vietnam

Article Abstract:

The hosting of the 6th Summit of the Assn of South East Asian Nations (ASEAN) on Dec 14-15, 1998 is expected to ruffle Vietnam's strict political decorum. The meeting will bring thousands of delegates to the country which entails massive documentation and preparation. Furthermore, it needs to accommodate the trade policies of the group. However, aside from these minor annoyances, Vietnam is expected to reap long-term economic benefits from its membership in the ASEAN.

International economic relations, International Affairs, Intnl Economic Policy, Vietnam, Regional Trade Groups, Conferences, meetings and seminars, Political aspects, Summit meetings, Association of Southeast Asian Nations

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Firm grasp of currencies: streetwise Vietnam youth cadge for fun, profit

Article Abstract:

The weakening dong has got some streetwise Vietnamese youth cadging tourists for foreign currencies in Hoi An, an isolated stretch of Vietnam's central coast. Some of the youthful cadgers aver they do it for educational purposes, while others say they keep a collection. Whatever purpose they have in mind, the cadgers are certainly updated on the foreign exchange market, easily answering questions about the latest value of the dong against foreign currencies.

Social aspects, Vietnamese, Vietnamese (Southeast Asian people)

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