TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

ASIAN CURRENCY WATCH Vietnam's Dong Gone Wild

Category: Tourism, Posted:24 Feb 2010 | 06:00 am

Countries in Asia are closely monitoring the moves by the State Bank of Vietnam where two recent devaluations have taken nearly 9% off the currency. Given the regions large reliance on exports, Thailand and a host of others are now under increased pressure to match prices.
Analysts say another devaluation may take place and it's possible the dong exchange rate to the USD could reach VND 20,000. Hyper inflation remains a key driver in the developing economy.
For most international hotels and premium grade property in Vietnam developers and owners continue to quote rates in USD as a hedge against devaluation.
Here in Thailand the baht has continued to appreciate, while many of the global markets could continue to capitulate over concerns on a possible economic crisis for the Euro back of Greece's loan defaults.

Other News

Read more

Direct Bali Phuket Flights Return in Phuket

Category: Hotels|Tourism, Posted:14 Jun 2024 | 08:15 am The once popular Phuket Bali flight route will see AirAsia restart direct flights from 10th August 2024. AirAsia Indonesia will be the carrier and flight frequency will be three times a week. Bali hosted nearly 600,000 international visitors in May with Australia ranking 22.5% share, followed by India with 11.3% and China on the rise […]
Read more

Registration Open for Mind the Gap – Women & Diversity in Hospitality – A Learning Event

Category: Hotels|Tourism, Posted:13 Jun 2024 | 09:55 am Diversity, inclusiveness, and equality are core issues for the hospitality industry. C9 Hotelworks and the Phuket Hotels Association have organized a learning event titled ‘Mind the Gap, Women & Diversity in Hospitality on Saturday 31st August at the SAii Laguna Phuket. Join us in this unique, candid, and insightful half-day session that takes a closer […]
Read more

Samui’s Booming Villa Rental Marketed Featured in New C9 Hotelworks Report

Category: Hotels|Real estate, Posted:11 Jun 2024 | 07:04 am Standalone villas shake up traditional hospitality supply as the market rises. Increasing demand for multi-bedroom accommodation growing, coupled with a preference for spacious and private villas according to new research from C9 Hotelworks in their new Samui Villa Rental Market Review. In recent years, private villas rented as vacation homes have emerged as a significant […]
SiaJai logo

Thailand's Leading Homecare Marketplace