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Online fashion retailer Zalora is reportedly opening three showrooms in Vietnam in the first quarter of 2015, according to Zalora Vietnam’s managing director Nguyen Phuong Anh.
Vietnam will not take any moves to depreciate the Vietnamese dong against US dollar until Tet or February next year.
“For instance, the government’s continued push for lower interest rates is perhaps fanning inflation, especially if cheap credit is allocated to inefficient use”
US dollar credit repayment pressures were not the key factor creating strong exchange rate fluctuations in recent weeks.
Mergers and acquisitions in banking sector have not become a reality.
Credit growth is slowing and real estate sector is fretting over a fund shortage scenario.
As the economy stabilises local banks could be pushed harder to secure annual credit growth targets.