Any rate hike could deal a big blow to Vietnamese firms since their foreign rivals borrow from foreign banks at...
Underperforming lenders are not allowed to expand as the central bank aims to make the financial sector stronger
But borrowing costs in Vietnam remain way higher than in other Southeast Asian countries
The 'unusual' surge was thought to be a result of the central bank's recent forex policy
Interest rates are expected to rise by 1-2 percentage points this year
A young, style-conscious middle class is driving sales despite high car prices
For the first time since 2014, dong deposit rates have exceeded 8 percent
The dong fell 4.94 percent against the dollar last year on the interbank market, faster than the previous year
The move is unlikely to help ease the dong/dollar rate, an analyst said
All 10 major Asian currencies are forecast by strategists to fall against the dollar for a third year. They blame China...
"The Fed's action brings an end to the lift-off uncertainty," said Amando Tetangco, the governor of the Philippine...
Borrowing costs stay between 7 and 12 percent even though inflation hovers below 1 percent