Vietnam current account – Money’s outflow

Source: http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance

Current account balance world figures, from CIA factbook, accessed April 2006

• Red = deficit (more imports than exports)
• Blue = surplus (more exports than imports)
• Grey = no data

List of countries by current account balance

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Vietnam Current Account Balance

Source: http://www.adb.org/documents/books/ado/2008/VIE.asp

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2008-06-24 – VnEconomy

Ứng phó thế nào với sự đảo chiều của vốn ngoại?

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Foreign currency reserve and state secrets

16:58′ 25/06/2008 (GMT+7)

VietNamNet Bridge – Governor of the State Bank of Vietnam Nguyen Van Giau has made an announcement considered the most surprising declaration since he took up the post as head of the central bank. Giau revealed the foreign currency reserve of Vietnam ($20.7bil) in an effort to calm international investors.

US Recession – 3: Dollar Value

http://www.economist.com/finance/displaystory.cfm?story_id=10924165

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Divine intervention

Under the right conditions, currency intervention can work. So is it time to support the dollar?

Indeed, the main cause of the dollar’s recent slide has been the ECB’s refusal to cut interest rates (because of its inflation concerns) while the Fed is slashing rates to support growth. Or to put it another way, the weak dollar is consistent with the economic fundamentals, namely that America is in recession whereas the euro zone is still growing. The ECB will want to see inflation easing and more evidence that growth is slowing before it cuts rates. There is also little chance right now that the American government would join in any action to push up the dollar, because the cheap currency is giving a helpful boost to exports…

US recession – 2: Finance Crisis

The US sub-prime crisis in graphics

Wednesday, 21 November 2007, 08:07 GMT

The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.

http://news.bbc.co.uk/2/hi/business/7073131.stm

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1. THE NEW MODEL OF MORTGAGE LENDING

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2. THE RISE OF THE MORTGAGE BOND MARKET

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3. THE SPREADING OF SUB-PRIME LENDING