TAG: Economy
In the realm of second investment chances, Vietnam is emerging as a global champion of bouncing back from a severe downturn. Only five years ago the country was considered too risky to contemplate, having suffered a major economic decline and financial correction that affected many corporate and country ratings.
However, after a major reform push, clean-up of the banking sector and signing of a major trade deal with Europe, the country once again is commanding the attention of regional and global players.
The much-anticipated risk of an outright trade war between the US and China following US President Donald Trump’s election has subsided after leaders of the two countries met face-to-face to find common ground. The macroeconomic focus has shifted back to oil prices, commodities and growth demand developments in Asia, and the threat of protectionism and isolationism has been averted for now.
