Vietnam - Investor confidence in dong fragile: ADB
Vietnam - Investor confidence in dong fragile: ADB
by lexie Fri Oct 21, 2011 11:33 am
October 21, 2011
Investor confidence in dong fragile: ADB
Investor confidence in Vietnam’s dong remains “fragile” and restoring it requires a consistent policy from Vietnam’s government, Tomoyuki Kimura, the Asian Development Bank’s country director for the Southeast Asian nation, said at a conference on Wednesday in Ho Chi Minh City.
The dong “may come under downward pressure” as foreign exchange borrowings mature toward the end of this year, Kimura said.
Vietnam’s foreign exchange reserves were US$15.2 billion at the end of June, he said, covering 2.1 months of imports.
The reserves may exceed $15 billion, according to Andy Ho, the chief investment officer of VinaCapital Investment Management Ltd.
“Reserves have been growing quite nicely,” Ho said on Wednesday. (Bloomberg)
http://www.vietfinancenews.com/2011/10/investor-confidence-in-dong-fragile-adb.html#more
Investor confidence in dong fragile: ADB
Investor confidence in Vietnam’s dong remains “fragile” and restoring it requires a consistent policy from Vietnam’s government, Tomoyuki Kimura, the Asian Development Bank’s country director for the Southeast Asian nation, said at a conference on Wednesday in Ho Chi Minh City.
The dong “may come under downward pressure” as foreign exchange borrowings mature toward the end of this year, Kimura said.
Vietnam’s foreign exchange reserves were US$15.2 billion at the end of June, he said, covering 2.1 months of imports.
The reserves may exceed $15 billion, according to Andy Ho, the chief investment officer of VinaCapital Investment Management Ltd.
“Reserves have been growing quite nicely,” Ho said on Wednesday. (Bloomberg)
http://www.vietfinancenews.com/2011/10/investor-confidence-in-dong-fragile-adb.html#more
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