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Bulletin: Vietnam?s Growing Pains Are Coming To A Head Feb 08
Standard & Poors, Feb 2008
Abstract
SINGAPORE (Standard & Poor's) Feb. 29, 2008--The heat generated by Vietnam's blistering economic growth may soon become too uncomfortable, said Standard & Poor's Ratings Services today. With consumer prices rising at a high of 15.7% in February 2008, Vietnam's policymakers are in a tight spot. Macroeconomic risks will escalate if high inflation is allowed to become entrenched. On the other hand, investments needed to boost long-term economic potential will be held up if the authorities come down heavily on inflation. Recent announcements by the government suggest that it remains undecided. However, for the credit ratings on the government, (foreign currency BB/Stable/B; local currency BB+/Stable/B) macroeconomic stability is more important than maintaining current high levels of economic growth. High inflation discourages...
Companies mentioned in this report are: Socialist Republic of Vietnam
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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