The State Bank of Vietnam continued to raise reference exchange rate by VND10 per dollar on May 15 sending the US dollar exchange rate against the Vietnamese dong to a new record high of VND23,064 per dollar. SEE MORE The SBV on Thursday announced a daily reference exchange rate of VNĐ23,056 per dollar, down VNĐ8 against the previous day. SEE MORE Tensions caused by the US-China tariffs war are affecting the Latin American polyethylene terephthalate (PET) markets by driving prices down at a time when the seasonal lull has already taken a toll. SEE MORE The Vietnam Petroleum Association (VINPA) has written to the Government proposing disbanding the fuel price stabilization fund as it brings no benefits for either consumers or fuel traders. SEE MORE U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter. SEE MORE