According to details given by Analytics, the Southeast Asian region's economy is supported by trade, investment, consumption, generally stimulatory fiscal policy, and by early next year, thereby easing monetary policy.
Vietnam will benefit the most from rising global demand for goods and will see a steady acceleration in terms of gross domestic product (GDP) growth to 6.5% next year, rising from 5.0% last year.
Moody’s Analytics said that Southeast Asia, particularly Malaysia and Vietnam, will benefit from increased investment flows from both local and international sources
Malaysia and Thailand are also in the process of growing, but at a slower pace. Singapore is considered more stable but at a slower pace due to its developed economy.
“The Philippines and Indonesia will not lag far behind Vietnam, but their economies are not as closely tied to the global economy. An aggressive push by both countries to improve their infrastructure will support high rates of growth,” It said.
