Impacts of Fed rate hike on the Vietnamese economy

Date:
Wednesday, 16 November 2022
Time:
9:45am - 11:30am
Venue: 
Webinar through Zoom platform
Fee: 
VND 600.000 for members, VND 900.000 for non-members

In the aftermath of the Fed hike in interest rates in September, the stock market of Vietnam has plunged to the lowest of the past 20 months. However, CPI is said to remain low and other economic indicators seem to be sound. 

Join EuroCham at this special webinar to gain more insights on:
• Who are the biggest winners and losers from the Fed’s interest rate hike? The Fed’s move in theory will affect the country’s economic growth, foreign debt payment obligations, exchange rate, and foreign investment. How will the move in practice directly affect our country – Vietnam? 
• The State Bank of Vietnam (SBV) has a first-time increase in principal interest rate by 1%. Will SBV continue raising this and to what extent? 
• Local currency VND has devalued a little compared with other local currencies in the region. Will this trend remain? If yes, what will be the key impacts on the exports and imports of Vietnam? And if not, what will be the worst scenario for the businesses?
• GDP growth of Vietnam is forecasted to be high - 7%, among the best-performing economies. What are the key drivers for this and will these positive aspects continue in 2023?
• Credit for the economy, will it be loosened?

 
OUR SPEAKERS

Dr. Vu Minh Khuong

Associate Professor
Lee Kuan Yew School of Public Policy (National University of Singapore)


Mr. Francois Painchaud 
Resident Representative, Vietnam/Lao PDR
IMF Vietnam


Dr. Can Van Luc
Chief Economist of BIDV & President of BIDV Training and Research Institute

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