Quote:
Originally Posted by Carrot007
I talking to one of my customer in Hanoi today, was told that these very high rates are the "black market rates", the banks do not give such rates and some even suspend TT transactions in USD for a while until the situation become more stable. My customer had tried to TT some USD to Singapore and was rejected by his bank. He also tells me that there is a 90% chance that VN will be heading towards recession. This really sounds bad. Wonder what other bros who are stationed in VN have got news of.
By the way, this is just what I was told, I do not know how reliable the info is.
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Bro..
This news was posted last week by me when I asked SS08.
My customer cannot get USD to import. Until June 2008, total Viet imports already exceeded 2007. Very big budget deficit. Economy on steroids I would say.
Recession..not sure le.. but overheated economy... definitely.
Bring USD to Vietnam now is good
