Vietnam Weekly Economic Update

Vietnam remains an appealing destination forJapanese investors according to  surveys. The proportion of Japanese enterprises that intend to expand their investment in vietnam in the next one to two years is 60%, the highest among Southeast Asian countries.

The USD could remain volatile from late October to November 3 with four major central bank meetings. The exception of BoJ keeping its policy unchanged, the rest are expected to hike rates 75 bps. However, deteriorating US economic data could undermine the strengthening USD and mean a sooner end to the Fed’s tightening cycle.