ASEAN+3 Financial Stability Report 2025
October 9, 2025
The AFSR 2025 explores the evolving risks and vulnerabilities shaping ASEAN+3’s financial landscape and how the region is building greater resilience for the future.
October 9, 2025
Andrew Tsang, Chenxu Fu, Chiang Yong (Edmond) Choo, Eunmi Park, Ivan Lim, Junjie Shi, Kuchsa Dy, Leilei Lu, Prashant Pande, Runchana Pongsaparn, Ruperto Majuca, Shunsuke Endo, Yang Jiao, Yoki Okawa
The AFSR 2025 explores the evolving risks and vulnerabilities shaping ASEAN+3’s financial landscape and how the region is building greater resilience for the future.
April 22, 2025
Chenxu Fu, Chiang Yong (Edmond) Choo, Eunmi Park, Ivan Lim, Prashant Pande, Runchana Pongsaparn, Yoki Okawa
This analytical note attempts to assess the post-liberation impact on ASEAN+3 financial markets, conduct a comparative study with the 2018 China-US trade tension to draw lessons learned and identify potential risks at sectoral level.
March 6, 2025
Dac Toan Nguyen, Ginanjar Wibowo, Ivan Lim, Jade Vichyanond, Sumio Ishikawa, Trung Thanh Vu, Van Duc Tran, Wanwisa May Vorranikulkij
Vietnam’s economy is estimated to grow by 6.5 percent in 2025, after posting a strong 7.0 percent growth in 2024. Despite potential headwinds from heightened US trade protectionism, growth is projected to be supported by improving domestic demand and frontloaded external orders.
February 21, 2025
Benyaporn Chantana, Chenxu Fu, Ivan Lim, Kevin C. Cheng
This analytical note explores the financial stability implications of green bonds issuance in the ASEAN+3 region,
October 10, 2024
Alex Liyang Tang, Benyaporn Chantana, Chenxu Fu, Chiang Yong (Edmond) Choo, Eunmi Park, Ivan Lim, Jungsung Kim, Junjie Shi, Leilei Lu, Prashant Pande, Ruperto Majuca, Trung Thanh Vu, Yang Jiao, Yoki Okawa
This year’s AFSR expands its scope to chart a broader array of risks and challenges confronting the region in the period ahead.