Vietnamese businesses incur losses because of yen appreciationVietNamNet Bridge - The sharp increase of the Japanese yen has caused losses for Vietnamese businesses. Therefore, for every one percent of yen appreciation, it can earn $1 million more.VNE Japanese multi-national conglomerates which operate in Vietnam, such as Canon, Toyota and Honda, also bear the influences.Meanwhile, the yen appreciation has brought golden opportunities to Vietnamese enterprises. The Japanese yen has increased by 16 percent against the dong. This is bad news for many enterprises that borrow in yen.The Pha Lai Thermopower Company is a typical example of Vietnamese enterprises whose business results heavily depend on the yen value.

Source: VietNamNet News July 13, 2016 03:00 UTC