Thread: Vietnam - HCM
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Old 10-06-2008, 09:28 AM
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Re: Vietnam - HCM

Quote:
Originally Posted by Carrot007 View Post
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.
Its safe to say that cos its not just gona happened only in Vn but worldwide as well as the economic time cycle is already way overdued for a correction

Our gahmen is still trying to "talk" the local economy into believing we are not going into recession soon but......

Cheerios....SS08 ^_^
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