FINANCIAL PIRATES! U.S Withdrawal of 1460 Trillion Causes Vietnam’s Economy to Collapse.

The Federal Reserve announced its decision to raise interest rates by 50 basis points on December 15, as expected. In its statement, the Fed expects to raise rates by at least another 75 basis points to 5.1% by the end of 2023, before slipping to 4.1% in 2024. At the same time, the U.S. economic growth will be in a state of near stagnation. This in Vietnam’s central bank in response to the Fed’s continued aggressive rate hikes, since September this year has been the second consecutive emergency refinancing rate increased by 200 basis points to 6%, in order to control the country’s emergence of climbing inflation and financial turmoil. As of November this year, Vietnam’s total external debt was about $189.3 billion, and the total external debt, mainly in U.S. dollars, reached 181% of the proportion of international reserve assets, of which the proportion of Vietnam’s external debt reached 46%, and continues to expand.