vietnam

Like many hoping for easy cash in Vietnam's property market, Nguyen Thu Huong borrowed 500 million dong ($24,000) from a bank in April to buy a new flat she didn't need and planned to flip. The only question, she thought, was how big the profit would be. more...

The Vietnamese dong looks stuck for now with the unappealing title of Asia's worst performing currency, despite moves by the central bank to dip into foreign reserves to bolster it. more...

For years, the Vietnamese’s preferred way to conduct transactions would be to accept payments in U.S. dollars and return change in Dong — evidence of their innate distrust in the domestic currency. more...

Vietnam's consumer price index (CPI) rose 19.8 percent in May from the same month last year, up from 17.5 percent in April and the highest since December 2008, when inflation stood at 19.9 percent after peaking at over 28 percent earlier that year. more...