Central bank weakens dong to drive exports, economy

An Asia Commercial Bank branch in Ho Chi Minh City Thursday. Commercial banks said their dollar supply has fallen since moneychangers offer higher rates for the greenback.

The central bank Thursday fixed the dong’s rate 3 percent down against the dollar to boost exports, as the country’s economy expanded at its slowest pace in nine years [...]

Despite WTO, Vietnam faces problems in garment exports

A female worker is pictured at a shirts’ production line of a local garment company in Hanoi. Vietnam is expected to earn around $9.2-9.3 billion this year from textile and garment exports.

Since Vietnam joined the WTO, its textile and garment sector has enjoyed opportunities to expand markets but also faced difficulties resulting from possible US [...]

World financial turmoil to hit Vietnam exports, FDI: experts

The global financial crisis has had a strong impact on the Vietnamese economy, with exports declining and foreign investments expected to slow, experts said at a conference in Ho Chi Minh City Tuesday.

Speaking at the meeting held to discuss the effects of the global financial crisis on the country, Truong Dinh Tuyen, [...]

Vietnamese wood exports grow despite US recession

Kelvin Ho, marketing executive of the International Furniture Fair Singapore Pte., Ltd., examines a wooden boat manufactured by local company Old-Modern Handicrafts JSC at the EXPO 2008 fair Wednesday.

Vietnam’s wood exports have strengthened over the past few months despite experts who said the sector would be hit hard by the US financial crisis. [...]