Courtesy of Bloomberg, a sobering look at Vietnam: Like other would-be tiger economies, Vietnam faces a trifecta of new threats: a crisis-paralyzed Europe, a faltering America, and a newly spendthrift Japan. Yet the biggest risk to the nation’s future may be old-fashioned nostalgia. It has been 27 years since Hanoi launched the “Doi Moi” reforms [...]
Read more »Via The Diplomat, a look at Vietnam’s economic woes: Last year saw a number of Vietnamese state-owned enterprise officials being arrested for economic crimes or “irregularities” at the companies under their care. As covered previously on Pacific Money, one of the most shocking such arrests was that of Nguyen Duc Kien, a famous tycoon and [...]
Read more »Via Newsweek, a report on how Vietnam’s promising economy got off track: Almost exactly two years ago this week, Christine Gregoire, the governor of the U.S. state of Washington, was in Vietnam handing out french fries made from potatoes grown in her state at a Kentucky Fried Chicken outlet in Ho Chi Minh City. Gregoire, [...]
Read more »Via Energy Tribune, a very interesting two-part series examining the complicated history of the relationships between India, China, and Vietnam, especially as they revolve around oil & gas resources: Vietnam is a country that has seen its share of war, suffering and hardship. From its days of French colonial rule and the 1950s war to [...]
Read more »Via Foreign Policy, a report on Vietnam’s economic challenges ahead: “…In what was once one of Asia’s most exciting emerging markets, Nguyen Van Nguyen sees only gloom ahead. Since 2008, his business in southern Vietnam’s economic capital has suffered through two volatile bouts of inflation, peaking in August 2011 at 23 percent — at the [...]
Read more »Courtesy of FE TrustNet, a look at Vietnam: Vietnam is set to be the next south-east Asian economy to boom and could offer UK investors a long-term high-return investment, according to the managers of the Vietnam Holding investment trust. The country’s demographics are second to none, portfolio founder Juerg Vontobel says, and with only one-third [...]
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