...China takes baby steps and Vietnam dings its dong—again. Here's your FX Fix.
Over the next few months, tenants will begin moving in to Vietnam’s tallest building, the Bitexco Financial Tower in Ho Chi Minh City, presaging the high-rise construction boom that will transform the skyline of the country’s main cities over the next few years.
American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.
As the rest of the world worries about economic growth, angry complaints from consumers such as these Indian bloggers have turned Asian policymakers’ minds to a different problem: rapidly rising inflation, the Financial Times reported.
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Vietnam is following China’s footsteps in terms of economic growth and they will produce great returns for investors in the next 10 years, said Rob Lutts, founder and CIO of Cabot Money Management.
As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train.
Have investors gotten so pessimistic that there are no bears left to sell and we are therefore due for an oversold bounce?
Vietnam, as with markets all around the globe, is experiencing severe downside pressure. The high probability outcome in 2009 for this index is a series of rallies, each stronger than the previous rally, but each starting from a lower support level.
Oktoberfest fans may be gathering in Germany for a feast to forget the turmoil in world financial markets, but the traditionally defensive beer sector looks unlikely to offer investors a safe haven this time, analysts told CNBC.com.
China remains the most popular destination for foreign industrial investment in the world, attracting almost $83 billion last year. But a growing number of multinational corporations are pursuing a strategy that companies and analysts call “China plus one,” establishing or expanding Asian bases outside China, particularly in Vietnam.
Falling stocks and markets are the favorite hunting ground for long-term investors and they seem to be circling around Vietnam -- its market suffered a spectacular fall in 2008 -- and many investors are beginning to think it's time to get back in.
The governments of Thailand, Vietnam, Laos, Cambodia and Myanmar are weighing the creating of a rice exporting cartel.
Commerce Secretary Carlos Gutierrez, leading a delegation representing US businesses to Hanoi's presidential palace, said the stage is set for trade growth between the US and Vietnam.
Australia and New Zealand Banking Group said on Monday it had acquired a 10 percent stake in Vietnam's top stock broker Saigon Securities for US$88 million, further boosting its Asian expansion.
Robert Hormats, vice president at Goldman Sachs International and author of The Price of Liberty told CNBC’s “Morning Call” that Vietnam must reform its economy to attract significant foreign investment.
Andy Brough, Fund Manager at Schroders, doesn’t need my support, but I’ll offer it anyhow. Nice to have a money manager on the programme who makes a point of trying what he is buying.