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Showing posts with the label international economics

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Continuing the Integrated Supply Chain Management Concept

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Core Principles of Integrated Supply Chain Management Integrated Supply Chain Management (ISCM) is built on a foundation of core principles that guide its implementation and ensure the attainment of sustainable value. One of these principles is the concept of the remote cause, which emphasizes the importance of conducting a thorough review of all established norms, processes, and procedures before initiating any activity. This ensures a comprehensive understanding of the environment in which decisions and actions are made. The ultimate goal is to achieve efficiency and optimization, resulting in what is known as Absolute Value. Understanding Absolute Value Absolute Value refers to the actual gain derived from an activity, decision, or action. It represents the life-cycle composite gain, which is directly correlated with three key aspects: Predictive Results : The maximum returns achievable through strategic planning and execution. Progressive Results : The accelerated rate of ret...

Dollar Slumps as Dong Rises

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U.S. Dollar Weakens Against Vietnamese Dong Amid Global Market Shifts The U.S. dollar experienced a decline against the Vietnamese dong on Wednesday morning, reflecting broader global currency movements. The greenback was trading near a four-year low against the euro, signaling ongoing uncertainty in international financial markets. At the commercial banks, Vietcombank sold the U.S. dollar at VND26,457, marking a 0.04% decrease from the previous day’s rate. On the black market, the currency was valued around VND26,535, showing slight variations in exchange rates across different platforms. Meanwhile, the State Bank of Vietnam adjusted its official rate downward by 0.04%, setting it at VND25,198 per dollar. Globally, the U.S. dollar remained under pressure, trading near a four-year low against the euro and hitting a one-month low against the Japanese yen. This trend came as traders anticipated a likely interest rate cut from the Federal Reserve later in the session. The anticipation ...

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