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Cambodia: Covid shake-up justifies calls for greater market diversification

Over the past decade, Cambodia’s sustained economic success has been mainly due to traditional markets such as textiles, construction, agriculture and tourism sectors. However, the Covid-19 pandemic has exposed the fragile nature of these markets, resulting in cross-ministerial calls for greater market variety. In a statement released prior to the ‘Automotive and Electronics Sector Roadmap […]

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Fitch Ratings affirms Vietnam sovereign credit rating at ‘BB’

This year, Fitch expects Vietnam’s GDP growth to accelerate to 6.1% in 2022 and 6.3% in 2023 from 2.6% in 2021. Fitch Ratings has assigned ‘BB’ to Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) with a Positive Outlook.  “The affirmation reflects continued strong medium-term growth prospects, despite the Covid-19 pandemic and the global economic spillovers […]

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