“As an economy for which exports exceed 100% of its GDP (though with significant import content) and that is highly exposed to demand of its top three export destinations, the U.S., mainland China and the EU, a possible deceleration in their 2020 growth would weigh on Vietnam’s growth,” noted HSBC. … [Read more...] about Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBC
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We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the interim reporting periods. For fiscal 2019, the projected non-GAAP tax rate was 17%. … [Read more...] about Workday Announces Fiscal 2020 Second Quarter Financial Results
Agreeing, General Director of the HSBC Vietnam Pham Hong Hai said the Fed is likely to stop raising the interest rate after two upwards adjustments in 2019, so it will be hard for the US dollar to maintain the uptrend. Therefore, the pressure on the USD/VND exchange rate will also decrease and the VND will return to the narrow exchange rate adjustment range in 2019, except for the strong depreciation of the Chinese yuan. … [Read more...] about How will USD exchange rate move in 2019?
According to the report, the industrial and construction sector, the biggest pillar of 2019’s growth, was expected to face difficulties with a quiet real estate market. Meanwhile, the agricultural, forestry and fishery sector grew slowly due to severe weather and the African swine fever outbreak. … [Read more...] about Economists warn GDP growth target a challenge