Vietnam
Economy
Recent data has reinforced our view that consumer price inflation, at 8.5% y-o-y in February, could break into double digits as early as March. A prolonged delay by the authorities...
2010-03-08Economy
We do not expect today's devaluation, taking the dong 3.4% lower to VND19,100/US$, to bring a lasting improvement to Vietnam's gaping trade deficit. We are thus still expecting a...
2010-02-11Economy
With market conditions once again piling up against the Vietnamese dong, we see the government effecting another devaluation of the unit to the vicinity of VND19,000-19,200/US$ before...
2010-02-05Economy
We see only limited to Vietnam's external debt position in spite of increased foreign indebtedness and expectations of further devalutions in 2010. A comparatively low debt pile,...
2010-02-04Economy
Revisions to trade data from December have confirmed our view that the 3% devaluation of the dong on November 25 has done little to address Vietnam's underlying balance-of-payments...
2010-01-28Economy
We maintain our bearish outlook on Vietnam's local debt, a view we have been running since June last year, when then yield on the benchmark 5-year government bond was at 9.38%. Now...
2010-01-07Economy
The strong domestic demand-driven recovery in Vietnam has brought real GDP growth to 6.9% y-o-y in Q409. We believe a sharp tightening of fiscal and monetary policy will be needed...
2010-01-04Economy
The Vietnamese dong has experienced a higher degree of stability after the latest devaluation on November 25. However, we expect downside pressure on the currency to persist and are...
2009-12-15
