Ho Chi Minh City will struggle to attract private investors if it continues with stringent …
Read More »Greenback surge wrong-foots Vietnam exporters
Rubber producer Casumina has been borrowing in dollars at an interest rate of 2-3% per year against 5-6% for dong loans, but the greenback’s gain over the dong has neutralized the advantage. “The market has dampened,” said CEO Pham Hong Phu, adding that export has been difficult lately due to …
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