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Update news Chinese yuan
After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.
A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China's yuan rose sharply - further evidence of an intriguing inverse relationship between the pair.
World stocks rose on Monday as China's central bank fixed the yuan at a much stronger rate and oil prices held on to recent gains, easing fears of global deflation.
Asian shares slid to their lowest levels since 2011 on Monday after weak U.S. economic data and a massive fall in oil prices stoked further worries about a global economic downturn.
VietNamNet Bridge - Vietnam understands the potential risks behind Chinese ODA (official development assistance) and Chinese technologies, but it still needs Chinese capital.
VietNamNet Bridge – The Chinese Business Association in Vietnam and the Industrial and Commercial Bank of China have proposed to expand the scope of payments in yuan.
VietNamNet Bridge – A proposal by the Chinese Business Association and Industrial and Commercial Bank of China for making payments in renminbi, or the Chinese yuan, in Viet Nam has met with opposition.