Credit risks posed by ASEAN+3 non-financial corporate (NFC) sectors have risen.
Use of local currencies in cross-border transactions among the ASEAN+3 strengthens financial resilience, promotes trade and investment, and reduces the region’s reliance on foreign currencies.
Cryptocurrency adoption in emerging markets, especially the ASEAN+3 region, has been strong at both institutional and retail levels.
This next issue in the Trade Wind Series presents the key takeaways from staff’s discussions in Vietnam, which is that the country has the potential to become a global FDI and supply chain hub if appropriate measures and structural reforms are undertaken.
In the wake of the U.S.-China trade conflict and the COVID-19 pandemic, there has been a notable shift in rhetoric toward supply chain independence and security, consequently challenging China's position as the leading global exporter. Across ASEAN, Vietnam appears to have benefited the most from the rearrangement of global export markets.
In this note, we introduce AMRO’s Risk Identification and Signalling Kickoff (RISK) exercise, aimed at assessing systemic risks to the ASEAN+3 region.
This issue analyzes China’s and ASEAN’s trade performance to assess (1) if their respective contributions have materially changed; and (2) China’s changing comparative advantage across sectors and how the rest of the region may be adjusting to benefit from it.
Watch the highlights of the ASEAN+3 Regional Economic Outlook Update – July 2023.