Fallen hopes send foreign investors packing their bags

Article Abstract:

Businessmen and investors in Vietnam, discontented with the slow pace of economic reforms by the government, have started to scale down operations and pull out of the country. All signs point to an economic slowdown as foreign investors such as legal and property firms are starting to look elsewhere to conduct business. Statistics reveal a 25% decline in foreign investment in Sept 1997 from 1996 figures, with a total of $2.95 billion. Analysts predict a prolonged slowdown if the government fails ti implement a faster transition into a market economy.

Analysis, International relations, Business cycles, Hanoi, Vietnam

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Thailand's banks will be on sale soon if measures pass

Article Abstract:

The Thailand government is scheduled to disclose an economic restructuring program on October 14 or 15, 1997 to help alleviate the dismal state of the country's economy. The government's plan, which is intended to offset the effects of the baht's devaluation, concerns the granting of permission to foreign firms to own majority shares in local banks. The government is also offering some 800 million baht in collateral from local firms to foreign creditors in lieu of 500 billion in baht loans to improve liquidity.

Foreign Investment Regulations, Foreign investments, Column, Thailand, Foreign investment laws

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LDP vows to end banking crisis in return for U.S. help

Article Abstract:

Japan's ruling Liberal Democratic Party has vowed to undertake aggressive steps to end its banking crisis in exchange for US support in checking the yen's decline. Draconian plans include compulsory sales of bad loans, improved disclosure and maybe even letting several banks to go bankrupt. So far, investors believe that Japan can deliver on its promise since the yen stood its ground versus the dollar after the US intervention in currency markets on Japan's behalf and acquired $6 bil of yen.

Currency Stabilization Programs, Japan, Political aspects, Liberal Democratic Party (Japan), Currency stabilization, Yen (Japan)

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