November 2004
Asia Monitor: South East Asia Monitor Volume 1;Nov2004, Vol. 15 Issue 11, p4
Country Report
Country Report
The article focuses on political and economic conditions in North Korea. North Korea has reportedly recalled its ambassador from Vietnam to protest its role in a mass defection of North Korean refugees. The International Monetary Fund has urged Vietnam to rein in credit growth as the country battles against higher inflation and a high level of non-performing loans. The continued depreciation of the Vietnamese dong against the U.S. dollar is expected to remain modest this year. Relations between Vietnam and the U.S. have also been strained as a result of the U.S. criticism of human rights abuses in Vietnam.


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