Friday, June 21, 2024

Key political risks to watch in Vietnam


Share post:


HANOI: Tension with China over competing claims to portions of the South China Sea remain the top political risk in Vietnam.

India has now apparently been drawn into the long-standing dispute over territory, potentially increasing the stakes.

Meanwhile, authorities still face one of the world’s highest inflation rates — 22.42 percent in September — and will have to decide when to start loosening tight monetary conditions back to minimise the damage to growth.

All three major ratings agencies cut Vietnam’s credit ratings in 2010, highlighting economic risks and underscoring the problems in the southeast Asian country’s economy, once a favoured frontier investment destination.

In the South China Sea, the risk of unintentional escalation and even hostilities has been elevated since Vietnam and China exchanged fresh accusations of sovereignty violations at one another in late May, although the issue has come off the boil.

In mid-October, the two countries signed an agreement aimed at containing the dispute. (Reuters)


Related articles

NSE warns investors of individuals, entities promising assured returns in stock market

New Delhi, June 21: The National Stock Exchange (NSE) issued an advisory on Friday cautioning investors of certain...

US sees new waves of mass shootings with no clear solution

San Francisco, June 21: The US is grappling with a new wave of gun violence in one week...

Delhi HC stays trial court’s order for CM Kejriwal’s bail release in excise policy case

New Delhi, June 21: In a turn of events, the Delhi High Court on Friday stayed the release...

EV startups from India, EU pitch innovative tech in battery recycling

Shillong, June 21: In a bid to enhance the Electric Vehicle (EV) landscape and ecosystems in India and...