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Hanoi (VNA) – Within the quick time period, the latest devaluation
of the euro will have an effect on numerous exporters to EU markets with contracts paid
within the forex, in response to Tran Thanh Hai, deputy director of the Import-Export
Division below the Ministry of Trade and Commerce (MoIT).
He stated such exporters will earn much less earnings calculated within the
Vietnamese forex. Nonetheless, firms importing items from the EU will
profit from the euro’s devaluation.
In the long term, a weak forex will push inflation up within the
EU and imported items will change into costlier, Hai stated, including that it
might make EU customers spend much less, particularly on non-essential items, which
will scale back demand for imported items, together with these from Vietnam.
The official famous that the Authorities and the MoIT had
recognized these issues from the start of the 12 months, and the ministry has
been endeavor many options to handle them, together with serving to companies
make the most effective use of free commerce agreements that Vietnam has signed.
On the identical time, the ministry is working to hyperlink Vietnamese
producers with international suppliers by way of selling commerce promotion and
increasing markets utilizing the web.
The EUR is below devaluation stress as Europe is going through an
vitality disaster. It dropped to a 20-year low and got here nearer to parity
in opposition to the greenback on July 11./.
VNA
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