Any possible interest rate hike by the U.S. Federal Reserve by year-end won't prompt Vietnam's central bank to alter its foreign exchange rate policy, the State Bank of Vietnam (SBV) said on Sunday.
In a talk with Vietnam Economic News’ Nguyen Huong, SMC Pneumatics Vietnam General Director Gerald Ho said Vietnam would remain an attractive destination for investors in the next five years, especially when the ASEAN Economic Community (AEC) is established.
Vietnam is the second largest textile and garment exporter to the Republic of Korea (RoK), making up one-fourth of the RoK's apparel market, after China.
Many foreign banks have been setting foot into Vietnam’s market to prepare for operation expansion when the conditions are ripe.
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