Vietnam

In order to maintain the exceptionally good growth rate of around 6.5% in 2017-20 and successfully restructure the economy, Vietnam needs $250bn of investment, equivalent to approximately 25% of GDP, in the period. Foreign direct investment (FDI) and the public sector have historically accounted for 25% and 35%, respectively, of total...

Offering 3200 km of coastline and spectacular white sand beaches, mountainous highlands popular with adventure tourists and a vast array of cultural, historic and culinary attractions, Vietnam has seen its tourism sector become a major economic growth driver in recent years. The sector has recorded positive performances across the board...

When mentioning Vietnam’s capital market, most investors think of the VN-Index and the privatisation of state-owned enterprises, forgetting a promising fixed-income market. Vietnam’s debt market is larger than the equity one, and debt financing remains a major source of funds in Vietnam. Unlike equity market, the fixed-income market offers...

How is the Vietnamese banking sector adjusting to the Basel II recommendations and regulations?

Vietnam has been a member of the ASEAN since 1995, when it joined as part of its ongoing process of integrating into the global economy and opening to the world. In recent years, it has taken an increasingly active stance in the organisation, while its economy has closed the gap on the more affluent founding members.

As part of its remit of maintaining monetary stability, the State Bank of Vietnam (SBV) manages the dong’s exchange rate against the US dollar, with an eye on preventing sharp depreciation. In recent years, it has loosened the dollar peg and moved in the direction of market rates. The exchange rate regime is sometimes described as a managed...