Conditions Stabilising, But Risks Remain

August 2008
Asia Monitor: South East Asia Monitor Volume 1;Aug2008, Vol. 19 Issue 8, p5
Country Report
The article provides an overview of the economic conditions of Vietnam. It states that the economic conditions in the country are getting stable after the loss of confidence in the dong in May and early 2008, which discovered the 12-month non-deliverable forward (NDF) shoot up to VND24,900/US$. Moreover, it forecasts that the country will experience a period of below-trend growth through 2008 to 2009 as it deals with rampant inflation and the fundamental cause of abundant liquidity.


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