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Related websites
Biden can address Vietnam’s currency valuation without Section 301
WEBMar 27, 2021 · Using Section 301 as a way to address Vietnam’s currency valuation is seen controversial since it circumvents procedures laid out by Congress in the Omnibus Trade and Competitiveness Act of 1988 and the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). Concerns regarding Vietnam’s currency were formally raised in May 2019 …
Eastasiaforum.orgVietnam’s crisis within the crisis | East Asia Forum
WEBNov 4, 2008 · The period from March to July 2008, in particular, saw a worsening of the macroeconomic situation, the extent of which is a topic of much debate. There are two main camps. The first believes that Vietnam was in currency or financial crisis, even before the globe went under. The symptoms included lack of liquidity in the banking system, a …
Eastasiaforum.orgProspects and challenges for Vietnam’s economy in 2022
WEBFeb 11, 2022 · This is surprising given the 1.2 per cent real growth in service activity and 4 per cent real growth in the industry. Prospects for 2022 are good. As factories and services approach normal, there will be a jump in output, much as China had in early 2021. Most projections are for 6–7 per cent real GDP growth. Tourism should start to recover
Eastasiaforum.orgVietnam’s economy shows signs of revival | East Asia Forum
WEBJan 30, 2023 · The World Bank’s August 2022 Vietnam Economic Growth Update reported that while overall employment levels returned to pre-COVID-19 levels and household incomes rebounded by 5.8 per cent, COVID-19 shocks still lingered. The report estimates that as of April 2022, ‘almost a quarter of urban households still earned less than they …
Eastasiaforum.orgVietnam: Macroeconomic challenges and the road to prosperity
WEBA. Relative to its Asian peers, Vietnam has performed poorly on the key macroeconomic indicators in recent years, especially over the past three years, during which the 2008-2009 global financial crisis posed a serious test to the soundness of macroeconomic fundamentals in each country. The Vietnamese inflation rate was 15 per cent averaged …
Eastasiaforum.orgWeighing up political developments in Vietnam | East Asia Forum
WEBVietnam should also alter its present exchange rate policy to forestall being designated by the US as a currency manipulator. Finally, Vietnam needs to ensure the country’s future leadership by identifying ‘strategic cadres’ — the next generation of clean party leaders — to be elected to the new Central Committee in 2021.
Eastasiaforum.orgThe UK–Vietnam Free Trade Agreement could be a strategic …
WEBDec 31, 2020 · Concluding the UK–Vietnam free trade agreement (UVFTA) by the end of 2020 is a realistic goal for three reasons. First, it is an operational necessity for both countries. Brexit means that the EU–Vietnam free trade agreement — which took effect on 1 August 2020 — will no longer apply to the United Kingdom
Eastasiaforum.orgForeign debt will be Pakistan’s economic touchstone in 2024
WEBMar 5, 2024 · A. After Pakistan’s turbulent election period, the government elected after 8 February 2024 will have to deal with the vexed problem of Pakistan’s foreign debt. Pakistan’s foreign debt obligations appear modest. By mid-2023, the State Bank of Pakistan estimated it to be US$124.5 billion, or 42 per cent of GDP.
Eastasiaforum.orgDepreciating yen threatens Japan’s economy | East Asia Forum
WEBMay 5, 2022 · Depreciating yen threatens Japan’s economy. In March 2022, the Japanese real effective exchange rate reached its weakest level since January 1994. Matters could get worse, with analysts predicting a further 20 per cent depreciation. Given the effects of a fluctuating yen on the Japanese and other world economies, further depreciations are
Eastasiaforum.orgThe renminbi as a global currency? | East Asia Forum
WEBWhile it is still dominated by the US dollar as a global reference currency, this too, Subramanian and Kessler point out, is changing. ‘The renminbi is the dominant reference currency in four cases in the most recent period (that is, post-2010), compared to one previously; and it is a dominant reference currency in more cases than the euro.
Eastasiaforum.org