Vietnam Economic Highlights: 21 August 2015

August 21, 2015 (ILC Hanoi) — Daily economic highlights are as follows. * HSBC considers that the too high foreign debt level of Vietnam prevents the State Bank to devaluate the dong too fast. However, the State bank may need to devaluate it more 2 per cent until the end of 2015 because the weaker yuan may create more competition to Vietnam’s export industry (Trí thức trẻ, August 20). * HSC Securities JSC predicts that, VND/USD rate may increase by 1% before at the end of 2015 (Trí thức trẻ, August 20). * Ho Chi Minh City Statistical Office informs that, in August of 2015, the CPI in HCMC reduces 0.12% compared to the July. This is due to two decreases in gasoline price on July 20 and August 4 (Trí thức trẻ, August 20). * In July of 2015, Vietnam’s cement industry exports reach 9.56 million tons of cement and clinker, worth US$ 413 million. However, exports of cement and clinker sharply decrease by 26.6% in quantity and 26.3% in value year-on-year (Báo Đầu tư, August 20). * Stock market is covered by red color to seventh consecutive session in the last eight sessions. The number of fallen stocks is 3 times [...]