The worst may not be over yet for Vietnamese developers besieged by a sweeping regulatory crackdown, as a funding squeeze and a historic stock meltdown show few signs of easing.
Vietnam’s central bank unexpectedly raised interest rates by another 1 percentage point for a second straight month to help ease pressure on a currency that has slumped to a record low.
Fund managers are betting on a recovery in Vietnam’s stock market after recent plunges thanks to the country’s long-term economic prospects. - VnExpress International
(Bloomberg) The most urgent challenge for Pakistan’s new leaders, other than staying in power, is securing an International Monetary Fund credit line with the nation months away from a financing crisis, investors say.
A Vietnamese electric-vehicle maker is testing the waters for what may be the largest initial public offering by an Asian company in the U.S. since the Didi Global Inc. fiasco last year.