Update news Japanese yen
The Japanese yen has been depreciating recently, causing Vietnamese guest workers’ incomes to shrink.
VietNamNet Bridge - “The world is trying to run away from the yen, but Vietnam seems to go in the opposite direction,” Le Xuan Nghia, member of the National Finance & Monetary Advisory Council, said.
VietNamNet Bridge - The sharp increase of the Japanese yen has caused losses for Vietnamese businesses.
VietNamNet Bridge - The recent sharp fluctuations of the Japanese yen have caused losses for Vietnamese enterprises that borrow money in yen.
VietNamNet Bridge – The price fluctuations of the US dollar, euro, Japanese yen and Korean won have helped many businesses prosper and hurt others.
Vietnam’s exports to Japan have been supported not only by bilateral and multilateral trade agreements, but also by the new economic stimulus package launched by the Japanese government worth $1.4 trillion.