Thematic Report

2020 international tourist arrivals strongly affected

Tet Impact on Record January CPI & Weak Trade Data

VN30 adds PLX/POW & VNFIN LEAD drops VND/TPB

Improvements support more public spending in 2020

Only one violation and remains on the US Treasury’s currency watchlist

Government managing down inflation concerns

Overnight rates drop on excess liquidity before Tet

Foreign exchange (FX) reserves by the end of 2019 was estimated at USD80 billion – or 3.8 months of import cover

GDP is estimated at 7.03% in 2019 - the second year to witness >7% GDP

Moody’s reaffirms Vietnam’s Ba3 ratings but downgrades the outlook after completing the downgrade review begun on October 9, 2019 Lower outlook is a warning sign but not likely to be overly negative