The Vietnamese economy has excellent long-term prospects but short-term difficulties as the country struggles in the face of a global slowdown. How should you play it?
Monday’s best web covers future prospects for IT companies in India, a new gaming center in far eastern Russia, Vietnam’s plan to attract investment, and speculation about monetary policy stimulus in China.
Friday’s best web covers Turkey’s effort to privatize state run businesses, Vietnam’s fall from favor, recent data regarding Mexico, and Singapore’s Prime Minister Lee Hsien Loong’s expectation for Indian economic growth.
For the fourth time in the past year, the central bank has cut interest rates in an effort to stimulate the Vietnamese economy. While investors certainly welcome proactive policy initiatives, the fact that they are necessary in the first place could be worrisome.
What are CIVETS anyway? A Goldman Sachs economist coined the term BRIC ten years ago describing the four big emerging markets he predicted would drive global economic growth: Brazil, Russia, India and China.