The recent appreciation of the Japanese yen (JPY) against the U.S. dollar (USD) and Vietnam dong (VND) is likely to boost Japanese investments into Vietnam.
Vietnam’s rubber exports will grow 22.3% on-year to US$1.5 billion this year thanks to high global demand on the economy recovery, the Ministry of Agriculture and Rural Development’s Statistics and Informatics Center predicted.
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Tran Van Dinh set up a transportation cooperative in 2001 with an initial fleet of eight ships with individual loading capacity of 800-1,000 tonnes. In 2004, he founded Truong An Commercial Transportation Co., Ltd with a chartered capital of VND23.5 billion.
Commercial banks have moaned over a decrease in their dong deposits after cutting savings interest rates to around 11.2% per annum as committed with the Vietnam Banks Association.
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