Vietnam hikes interest rates and devalues currency « FiNETIK …

Posted on 26 November 2009

The State Bank of Vietnam will increase its benchmark interest rate to 8% from 7% as of December 1.

Originally posted here:
Vietnam hikes interest rates and devalues currency « FiNETIK …

This post was written by:

admin - who has written 3058 posts on VietSight.com.


Contact the author

Leave a Reply

Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making