VietNamNet Bridge - The local foreign
exchange market has begun to show positive results, following the State Bank of
Viet Nam's circular which came into effect on July 1. SEE MORE The dollar fell against the euro and yen on
concern the U.S. jobless rate will remain at a level that deters the Federal Reserve from raising interest rates. SEE MORE HA NOI — Viet Nam's competitive energy market (CEM) was
launched in Ha Noi yesterday, with 48 of the country's 73 power plants with a
capacity of more than 30MW already signed up to take part. SEE MORE With the current high interest rate of 19-21%, energy groups of Vietnam are facing lot of difficulties in accessing capital, especially in the context that banks are ignoring capital provision to the electricity industry due to debt problems.Last weekend, Vietnam Energy Association organized a conference to discuss common measures to hasten energy projects. The title came from debt problems of groups, which caused many barriers for smaller sized energy enterprises in accessing loans. SEE MORE HA NOI – The US dollar-Vietnamese dong exchange rate is expected to hold steady to the end of this year, but ANZ bank anticipates a dong devaluation early next year. SEE MORE