Is Vietnam In a Downward Spiral?

By Edward Harrison On Dec 17, 2010

Here’s a run down of the recent woes in Vietnam. As you may recall, they are one of the few Asian emerging markets to be downgraded by the ratings agencies from Ba3 to B1 by Moody’s – both junk ratings. Most of the other ratings in emerging markets are going the other way. There is high inflation and a major accounting scandal sullying the waters. The Vietnamese Dong is depreciating as real interest rates remain too low. The Vietnamese government has refused help so far. So the question becomes: Is Vietnam in a downward spiral?

The CNBC video below reviews the relevant issues.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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5 Comments

Lora Loretta says 13 years ago

There were comments on Bill Cara’s CaraCommunity site on 12/16 about a recent interview with Marc Faber that was in “Swiss German,” not translated to English. That commenter who had some knowledge of the language reporeted that Faber said he still “sees some potential in Vietnam.” If that is one of the many languages that you know, you might want to listen to the interview at https://marcfaberchannel.blogspot.com/. It is from Dec. 16 and in the “Older Entries” now, under “Marc Faber Outlook for 2011 – An Interview in German.”

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