Oil prices edged lower in Asia today following lacklustre US economic
data that has fuelled bearish sentiment about demand in the world's top
crude consumer. SEE MORE The Environmental Protection Agency's recently released plan to
reduce carbon dioxide emissions from existing power plants could provide
a boost to nuclear power. SEE MORE The dong may be depreciated by additional 1 percent later
this year, if policy makers feel it is necessary, HSBC said in a
statement issued on Thursday, betting on a relatively stable dong for
the coming months.
The outlook for the dong
should be relatively stable in the coming time, given the better
balance of flows and build-up of foreign exchange reserves, HSBC said.
It warned, however, that lower real interest rates could pose a risk if
demand and inflation start to pick up. SEE MORE The country's consumer price index (CPI) inched up 0.3 per cent in
June as against May amid a petroleum and gas price hike, according to
the General Statistics Office (GSO). SEE MORE Petroleum traders in Vietnam have decided to increase petrol prices
by VND330 per litre, to VND25,230, the highest they have ever been. SEE MORE