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Vietnam, Cambodia and Laos

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Current Economic Outlook

Despite the high export‐to‐GDP ratio, Vietnam has avoided a recession due to its large domestic demand and aggressive policy measures. Though the GDP growth rate halved in Q1 2009, the economy showed signs of revival in Q2 due to fiscal and monetary stimulus, inventory restocking and positive contributions from net exports. Asset markets are booming again due to speculation, capital inflows and stimulus measures, rather than an improvement in fundamentals. RGE forecasts Vietnam's growth to slow to 4.6% in 2009 due to contracting exports and foreign direct investment (FDI), and weak domestic consumption and investment.

Any weakening of global risk appetite or investor concerns about domestic vulnerabilities might cause a sharp correction in the real estate and equity markets. Vietnam will grow 5.6% in 2010 as exports will remain weak while policy stimulus will be scaled back due to inflation and fiscal deficit concerns. Under RGE's baseline scenario of a U‐shaped recovery in the U.S. and an anemic recovery in the EU, Vietnam will witness a U-shaped recovery…

Read the latest RGE Global Economic Update.

RGE Analysis

Cambodia: Q1 2010 Outlook

By Michael Sieburg and Arpitha Bykere Jan 30, 2010

Laos: Q1 2010 Outlook

By Michael Sieburg and Arpitha Bykere Jan 30, 2010

Vietnam: Q1 2010 Outlook

By Michael Sieburg and Arpitha Bykere Jan 30, 2010

Vietnam Economic Outlook, Q4 2009

Arpitha Bykere Oct 07, 2009

Vietnam Economic Outlook, Q3 2009

Arpitha Bykere Jul 24, 2009

EconoMonitors

Asia EconoMonitor

Thailand's Ex-PM Thaksin Traveling Too Close for Comfort?

Melissa Fabros Feb 2, 2010

Daily Digest

News

Cambodia: Excess liquidity rises to $900m as loans stall

The Phnom Penh Post  Nguon Sovan Feb 9, 2010

News

Cambodia: Garment wages discussed

The Phnom Penh Post  SOEUN SAY AND ELLIE DYER Feb 9, 2010

Opinions

Vietnam: A platform for economic growth

Vietnam Investment Review  VIR Linh Ngoc interviews Vo Hong Phuc Feb 9, 2010

News

Vietnam roars in the Year of the Tiger

Vietnam Investment Review  Feb 9, 2010

News

Vietnam: Labour market offers bizarre paradoxes

Vietnam Investment Review  Thanh Tung Feb 9, 2010

Opinions

Banyan: Asia's never-closer union

The Economist  Feb 4, 2010

News

Vietnam: Low-cost housing sector takes off

VietnamNet Bridge  Feb 8, 2010

News

Overseas Vietnamese surprised at high-priced HCM City land

VietnamNet Bridge  Feb 8, 2010

News

Vietnam SME confidence undaunted, says HSBC

Thanh Nien  Ngan Anh Feb 8, 2010

News

Vietnam SME stocks in ascendance as blue chips falter

Thanh Nien  Nguyen Khanh Feb 8, 2010

News

Vietnam: Brokerages say rules deter foreign stock investors

Thanh Nien  Mai Phuong Feb 8, 2010

News

Vietnam: Stock market gloomy Feb 8

Intellasia | AtpVietnam  Feb 8, 2010

News

Grade A office building to come online in Hanoi

Viet News  Hong Nguyen Feb 8, 2010

News

Retail sector to grow vigorously in Vietnam

VietnamNet Bridge  Feb 7, 2010

News

Vietnam finance ministry proposes 10.7 pct power hike

Thanh Nien  Kap Thanh Long Feb 7, 2010

News

Vietnam Enlists Allies to Stave Off China’s Reach

New York Times  Feb 5, 2010

News

Vietnam Oil & Gas’s Production Exceeds Target, Thoi Bao Says

Bloomberg  Nguyen Dieu Tu Uyen Feb 5, 2010

News

Vietnam revolutionaries bitter on anniversary

AFP  Aude Genet Feb 5, 2010

News

Vietnam tries dissident writer on assault charges

AP  Ben Stocking Feb 5, 2010

News

Vietnam: Bad debt treatment requires cooperation of banks

Intellasia | Dau Tu  Feb 5, 2010

News

Cambodia: Hun Sen urges leaders to reduce trade deficit

The Phnom Penh Post  May Kunmakara Feb 5, 2010

News

Companies in Vietnam struggling to buy dollars, Citigroup says

Bloomberg, Thanh Nien  Feb 5, 2010

News

Vietnam: MobiFone plans listing this year

Bloomberg, Thanh Nien  Feb 5, 2010

News

Cambodia blasts Google map of disputed Thai border

Reuters  Prak Chan Thul Feb 5, 2010

News

Vietnam Enlists Allies to Stave Off China's Reach

New York Times  Edward Wong Feb 4, 2010

News

Vietnam not short of dlrs, holds $35 bln

Tuoi Tre, Reuters  Feb 4, 2010

News

World Bank pledges to aid Vietnam $2b

Intellasia | Cong An Nhan Dan  Feb 4, 2010

News

Vietnam: Tourism real estate market: new investment channel

Intellasia | Vietnamnet  Feb 4, 2010

News

Vietnam: Credit growth hits one percent in January

VNA, Tuoi Tre   Feb 3, 2010

News

Cambodian PM names 3 likely listings on new bourse

Reuters  Prak Chan Thul Feb 3, 2010

News

Vietnam records FDI attraction of $114b in 2006-2009

Intellasia | Tien Phong  Feb 3, 2010

News

Vietnam: BIDV’s deputy general director arrested

VietnamNet Bridge  Feb 3, 2010

News

Vietnam Gold Price May Fall on Inflation Moves, Phu Nhuan Says

Bloomberg  Van Nguyen Feb 3, 2010

Analysis

Banks in Asia (Excluding Japan): Outlook for 2010

Fitch Ratings (free registration required)  David Marshall et al Feb 2, 2010

News

Vietnam banks bought $450 mln, central bank says

Thanh Nien, Bloomberg  Feb 2, 2010

News

Vietnam: Low prime rate adds to bank liquidity woes

VietnamNet Bridge  Feb 2, 2010

News

Vietnam: Big guns sell $450 million to banks

VietnamNet Bridge  Feb 2, 2010

News

Vietnam: 2010 trade gap forecasts at $14.5b

Intellasia | Dau Tu Nuoc Ngoai  Feb 2, 2010

News

Vietnam's FDI attraction after three years of WTO entry

Intellasia | Dau Tu Chung Khoan  Feb 2, 2010

News

Cambodia: US denies report on new tariffs

The Phnom Penh Post  Ellie Dyer Feb 2, 2010

News

Cambodia: Unions push again for higher factory wages

The Phnom Penh Post  Soeun Say Feb 2, 2010

News

Vietnam 2009 exports to US down 4.3pct to $11.4b -report

Intellasia | Dow Jones | The Forex Market  Feb 1, 2010

News

Vietnam: Compulsory reserve ratio of dong deposit proposed to cut down 50pct

Intellasia | Tuoi Tre | Lao Dong  Feb 1, 2010

News

Vietnam: Banks hesitant in capital supply

Intellasia | Dau Tu  Feb 1, 2010

News

Vietnam: Banks hesitant to lend loans

Intellasia | Tuoi Tre  Feb 1, 2010

News

UPDATE 1-Vietnam tells Agribank to slow lending-state media

Reuters  Ho Binh Minh Feb 1, 2010

News

Vietnam: Afternoon trading to boost HoSE liquidity

Vietnam Investment Review  Nguyen Hung Feb 1, 2010

News

Vietnam: Broken bank promises, businesses stuck

VietnamNet Bridge  Feb 1, 2010

Analysis

Vietnam: Building the infrastructure rulebook

Vietnam Investment Review  Feb 1, 2010

News

Vietnam: Global recovery gets in behind local exports

Vietnam Investment Review  Binh Chau Feb 1, 2010

News

Economic blips are no reason to be alarmed

Vietnam Investment Review  Nhu Ngoc Feb 1, 2010

News

Vietnam to grow 7 pct this year: PM Dung

Thanh Nien, Agencies  Feb 1, 2010

News

UPDATE: Vietnam PM Sees Better Econ,Leaves Door Open On Forex

Dow Jones  Shen Hong Jan 29, 2010

News

VN Index and HNX Index rally in last session of Jan

Intellasia | AtpVietnam  Jan 29, 2010

News

Vietnam: M&A activities on surge

Intellasia | Dau Tu Chung Khoan  Jan 29, 2010

News

Vietnam: Export growth tendency unclear

Intellasia | Dau Tu  Jan 29, 2010

News

Vietnam: Banks’ inability fosters black market dollar trade: official

Thanh Nien  Phan Hau-Hoang Ly-Thanh Xuan Jan 29, 2010

News

Cambodia: Oil firm agrees deal on Block A

The Phnom Penh Post  Steve Finch Jan 29, 2010

RGE Writings

Bremmer-Roubini 2010 Global Forecast

RGE Analysts' EconoMonitor  Nouriel Roubini and Ian Bremmer Jan 28, 2010

Analysis

Global economic outlook - 1st quarter 2010: After the recovery, New issues emerge

Deloitte Touche Tohmatsu  Ira Kalish et al Jan 26, 2010

Analysis

Vietnam’s democracy activists: Strong convictions

The Economist  Jan 28, 2010

News

International visitors to Vietnam in January up 20.4pct

Intellasia | Thoi Bao Kinh Te Vietnam   Jan 28, 2010

News

Vietnam: Industrial production value in January up 28.4pct y-o-y

Intellasia | Thoi Bao Kinh Te Vietnam   Jan 28, 2010

News

Vietnam: Fear on inward remittance outflow from banks

Intellasia | Saigon Economic Times Online  Jan 28, 2010

News

Vietnam: Real estate market in 2010 sees various changes

Intellasia | Savills  Jan 28, 2010

News

Vietnam: Balancing growth, inflation

VietnamNet Bridge  Jan 28, 2010

News

Vietnam: Interest rate hike looms on the horizon

VietnamNet Bridge  Jan 28, 2010

News

Cambodia: Group slams use of troops in land dispute

The Phnom Penh Post  Mom Kunthear and David Boyle Jan 28, 2010

News

Vietnam economy may grow 6pct on tightened monetary policy: Citigroup

Intellasia | World Bank | Vietnam Economic Times  Jan 27, 2010

News

Vietnam Expressway Sells VND8.2 Billion 5-Year Bonds - Bourse

Dow Jones  Nguyen Pham Muoi and Vu Trong Khanh Jan 27, 2010