Stronger yen a present from heaven for local exporters

“The appreciation of the yen will affect Vietnam’s trade because Japan is one of its leading partners regarding trade, direct investment, official development assistance (ODA) and tourism. The strong yen will support Vietnam’s exports to Japan and bring about investment and tourism opportunities,” said Cao Sy Kiem, a National Monetary Policy Advisory Council member and [...]

Sep 7 2010 | Posted in Banking-Finance | Read More »

Yen’s up, dong’s down – can Vietnam boost exports to Japan?

The yen’s gradual appreciation has given exporters an edge, but adds to the nation’s debt repayment burden. At 4 pm on August 24, Japan’s currency, the yen, hit an historic high, closing at 84.34 to the American dollar. Yen 106.14 would buy a euro. That’s a problem for Japanese policy makers, who’d like to see [...]

Sep 2 2010 | Posted in Banking-Finance | Read More »

Emerging market currencies firm up against dollar, yen

The won and ringgit strengthened against the dollar and the yen, and concerns about defaults diminished after leaders from the Group of 20 nations endorsed targets to slash budget deficits once the world’s economic recoveries are cemented. The won gained 1.1 percent to 1,201.89 per dollar in evening trade in Tokyo, rising for the first [...]

Jun 30 2010 | Posted in World Business | Read More »

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