Fitch revises Vietnam outlook to negative

HANOI (AFP) — Credit risk evaluator Fitch Ratings on Thursday lowered the outlook on Vietnam’s BB-minus sovereign rating from stable to negative, calling double-digit inflation “a serious concern for Vietnam”.
The state-run General Statistics Office this week estimated that consumer prices shot up by 25 percent in May year-on-year in the country of 86 million, driven [...]

Hints of a Crisis in Vietnam

There’s trouble brewing in Vietnam, judging by what’s happening to its currency.
The Vietnamese dong is effectively pegged to the dollar and only fluctuates within a very narrow band. However, investors can make bets on its impending direction using forwards, or contracts which allow buyers to purchase a currency at a set price at some future [...]