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Vietnam applauds positive adjustment in US Treasury Department’s report Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 18/04/2021
09:52 GMT+7 The US Treasury has removed Vietnam from the list of countries labeled as currency manipulators. Vietnam welcomes the US Department of the Treasury’s positive adjustment to the content related to Vietnam in the department’s latest report on the macroeconomic and foreign exchange policies of major trading partners of the US, said Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang. Replying to reporters’ question about the report released on April 16 by the US Department of the Treasury, Hang noted that the report said there is insufficient evidence to decide that Vietnam manipulates its exchange rate. ....
Yellen Dropping China Manipulator Label Won't Help Weak Yuan yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
US-China relations: Treasury Secretary Janet Yellen plans to spare China from currency manipulator label US Treasury Secretary Janet Yellen will opt to not name China as a currency manipulator in her first semi-annual foreign exchange report, according to people familiar with the matter The US designated China as a currency manipulator in mid-2019 only to lift the label five months later as part of the phase one trade deal discussions ....
(Bloomberg) Follow Bloomberg on LINE messenger for all the business news and analysis you need.The huge increase in Taiwan’s foreign-exchange interventions could lead to it being labeled a currency manipulator by the U.S., the island’s central bank governor said Thursday, but he insisted the designation is unlikely to have any immediate negative impact on the export-dependent economy.“It’s possible that Taiwan may be listed as a manipulator,” Governor Yang Chin-long told lawmakers in Taipei as he delivered a report Thursday. However, Yang argued that the U.S. criteria for labeling another economy a currency manipulator are no longer suitable as the global economy has changed over the past year.Yang argued that Taiwan’s high trade surplus with the U.S., one of the U.S. Treasury’s three currency-manipulation criteria, is due to strong demand from American companies for semiconductors, rather than any perceived unfair advantage Taiwan gai ....
22 January 2021 Authors: Nguyen Khac Quoc Bao and To Cong Nguyen Bao, UEH A surge in exports is a major factor in 2.91 per cent GDP growth that Vietnam experienced in 2020. Strong trade and economic growth are a result of the country’s successes in controlling COVID-19 and the rapid execution of balanced support packages for its economy. There was a record overall trade surplus of US$19.1 billion in 2020. The United States and China are the two largest export markets, by 24.5 per cent and 17.1 per cent respectively over this period, with total trade of US$76.4 billion and USD 48.5 billion. Vietnam’s exports to the United States are soaring, with a trade surplus of US$62.7 billion compared to US$10.5 billion in 2010 whereas Vietnam still has a trade deficit with China at US$35.4 billion. ....