Devaluing the dong
Article Abstract:
The State Bank of Vietnam has allowed the dong to slide by 5.3% against the US dollar. It is hoped that this will overcome a serious shortage of dollars in the inter-bank market and boost the competitiveness of Vietnam's exports. However, experts believe that the dong is still overvalued. The government may be unwilling to devalue the dong further, as this could fuel inflation and make it hard to repay dollar loans. The World Bank predicts that Vietnam's GDP will rise by 5% in 1998, although Vietnam itself has set an 8% target for GDP growth.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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Building assets
Article Abstract:
Property consultancy Brooke Hillier Parker, based in Hong Kong, has linked with French construction company Bouygues and First Euro Asia Finance to launch a real-estate investment fund (Reif). The fund is forecast to see an annual return of between 18% and 20% over the 40-year life of the Avic Plaza project, which involves the construction of a 250,000 sq mt complex in Shenzhen, a special economic zone in China on the border with Hong Kong. The Reif aims to raise around $370 million to finance the project.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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Class struggle
Article Abstract:
Danish trading company Jebsen is trying to reposition its venerable Blue Girl brand of beer to more affluent consumers in Hong Kong. Jebsen faces an uphill challenge trying to change the image of the beer which has been associated with blue-collar Chinese workers for many years. Hong Kong's beer market has become increasingly competitive since tax laws were changed in 1994 that are more favorable to imported brands.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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