Monday, December 14th, 2009 11:33:00
Malaysia’s third-biggest builder might delay launch of its RM8 billion Yenso Park project in Hanoi, Vietnam due to the country's Dong devaluation, a top research house said.
Vietnam, struggling to control steep inflation and widening trade deficit, is poised to keep weakening the dong, after devaluing the local currency for the first time since December last year.
Recently, the State Bank of Vietnam lowered the reference rate by 5.4 per cent against the US dollar and raised the policy rate to eight per cent from seven per cent.
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