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Zimbabwean business urges Central Bank to liberalise exchange control Zimbabwean business urges Central Bank to liberalise exchange control
The Confederation of Zimbabwe Industries insists exchange controls in the country “need to be liberalised as the gap between the official rate and the parallel market continues to widen creating undesirable arbitrage opportunities.”
Depending on the economic agent one is dealing with, parallel market exchange rates can be anything between $15 to $55 above the official exchange rate of $85 to US$1.
In its latest Quarterly Business and Economic Intelligence Report, CZI says delays to settle successful bids from the foreign currency auction system is damaging.
Celebrating Lunar New Year as a foreigner calling Vietnam second home 22:37 | 11/02/2021
The Lunar New Year Holiday is not only a special occasion for Vietnamese but also for many foreigners who consider the country their second home. Ken Atkinson, founder and senior board adviser at Grant Thornton Vietnam, shared with VIR about his feelings and thoughts for the traditional holiday as well as the outlook for the New Year.
Visiting flower street to enjoy the festive atmosphere
I always enjoy Tet (Lunar New Year) in Vietnam and I have spent Tet, here in Vietnam, for most of the 28 years I have been living here full time. It is a time of enjoyment for all Vietnamese and I also enjoy the atmosphere and the customs associated with Tet and family.
Potential in reach to become decadeâs stand-out performer 13:54 | 03/02/2021
By Ken Atkinson-Founder and senior board advisor Grant Thornton Vietnam
As a long-time resident of Vietnam and a dual national, I can only applaud the government for its swift proactive measures to contain the pandemic and enable a relatively strong economic performance in 2020. The achievement of 2.91 per cent GDP growth and also very few COVID-related deaths is more remarkable, when you compare this to the developed economies of North America and Europe and then take into account the size of Vietnamâs population, the long often porous border with China, and Vietnamâs limited medical resources and facilities. We must also remember that the severely impacted tourism and hospitality sector, which was a major contributor to GDP, knocked at least 1 per cent off GDP in 2020.