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?
Associate Professor at National University of Singapore
Dr. Khuong Vu is an Associate Professor at the Lee Kuan Yew School of Public Policy (National University of Singapore). His research and teaching concentrate on economic development strategy, productivity analysis, digital transformation, energy transition, and ASEAN economic integration.
Before transitioning into academia, Dr. Vu had held various government positions in Vietnam, including Deputy Chief of Haiphong City’s Government Office, Vice-Chairman of Dinh Vu Economic Zone, and CEO of State-owned Song Cam Chemical Company. He was also a member of the Economic Advisory Team of Vietnamese Prime Minister Nguyen Xuan Phuc.
Dr. Vu received his BA in Mathematics (with highest honours) from Hanoi National University, MBA from Harvard Business School, and PhD in Public Policy from Harvard University.
Luc Can Van
Chief Economist of BIDV & President of BIDV Training and Research Institute
Dr. Can Van Luc is a member of the Bank Board’s Risk Management Committee and Organizational & Strategy Committee. He is also a member of the National Fiscal and Monetary Policy Advisory Council and a member of the Vietnam National Committee for Pacific Economic Cooperation (VNCPEC).
Prior to his return to Vietnam in early 2009, he was a senior fellow at Harvard Kennedy School and a Humphrey Fellow (under a Fullbright exchange program in the US during 2007 – 2009. In 2008, he was a visiting scholar at the International Monetary Fund (IMF) in Washington D.C and the Federal Reserve Bank of Boston. In 2003, Dr. Luc was the only Vietnamese to have received prestigious Australia – Asia Award for his doctorate program.
Resident Representative, Vietnam/Lao PDR at IMF
Mr. Francois Painchaud, International Monetary Fund Resident Representative for Lao PDR and Vietnam since June 2019.
Mr. Painchaud was previously the IMF Resident Representative for Georgia and joined the IMF in 2009. He worked in a range of advanced, emerging markets, and low-income countries, including Russia, Luxembourg, Cyprus, Pakistan, Senegal, and Myanmar. Mr. Painchaud has worked on debt sustainability, labor markets, fiscal frameworks and monetary policy in emerging markets. Mr. Painchaud holds undergraduate and graduate degrees in economics from the Université Laval in Quebec City.