The local arm of Malaysia’s Maybank, is predicting GDP growth for Vietnam of 5.8 percent in 2023, The Investor is reporting. The financial firm says that pressure on the dong is coming from the local gold price being out of step with the world gold price and that this should stabilise when ‘once local authorities identify regulatory issues and close legal loopholes’. It’s not clear, however, that this will happen. Maybank is also expecting the exchange rate to be allowed to increase up to 4-5 percent over the rate on March 29
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