The United States wants to pass on the debt risk to 17 countries for 960 trillion yuan, and Vietnam may decline for 20 years
Worldwide, indebtedness is a complex and sensitive issue.
Recently, reports of attempts by the United States to shift its huge debt to other regions have caused great concern around the world.
There is information that the United States intends to transfer the risk of some bonds to 17 countries, including Vietnam.
At the same time, there are reports that Vietnam has withdrawn up to $960 trillion**.
This would be a major shock to Vietnam's economy, with some analysts even expecting it to regress to levels seen 20 years ago.
First, the U.S. strategy of shifting its debt risk to other regions has been hotly debated.
The United States is the world's largest economic power, and its debt situation is one of the most watched in the world.
In recent years, the size of the U.S. debt has been rising, mainly due to a variety of internal and external reasons.
In this context, in order to alleviate the economic burden of the country, the United States and major banks are likely to use international exchanges to pass on some risks.
For emerging economies such as Vietnam, the transfer of such risks will be a daunting task.
Although Vietnam's economy has developed rapidly in recent years, its position in the world economic system is still relatively weak.
Once the U.S. Treasury crisis is transmitted to Vietnam, it will have a certain impact on the country's financial system, thereby undermining the confidence of overseas investors, resulting in a large outflow of funds.
It is all the more alarming that there are reports that $960 trillion has been withdrawn from Vietnam. The amount could be devastating to Vietnam's economy.
The outflow of these capitals will not only depreciate the national currency and increase inflation, but also bring adverse consequences to Vietnam's foreign exchange reserves and financial stability, which in turn will have an adverse impact on long-term economic development.
This will be particularly severe for industries and companies that rely on foreign capital.
Moreover, the prediction that Vietnam could enter the economic depression of 20 years ago, while it sounds exaggerated, does reflect the difficulties that Vietnam is currently facing.
Viet Nam is a rapidly developing country with a very weak economic system and is heavily dependent on foreign capital.
The current international economic situation is very complex, and if a large amount of foreign investment is withdrawn, Vietnam's recovery and long-term development will face severe challenges.
In this case, Vietnam's enterprises must take countermeasures accordingly.
First of all, it is necessary to intensify domestic economic restructuring, reduce foreign direct investment, enhance China's independence, and enhance its ability to resist risks.
Second, it is necessary to intensify cooperation with other emerging economies and diversify international and economic and trade relations, so as to reduce excessive dependence on a single economic system.
In addition, in order to meet the current challenges, Vietnam must also strengthen the supervision of the financial market to ensure the smooth operation of the financial order and safeguard the trust of investors.
All in all, the fact that the United States wants to shift its enormous debt risk to other regions, especially emerging economies like Vietnam, should be taken seriously.
In today's world, with the continuous expansion of the world, the economic decision-making and market changes of various countries will have a profound impact on other countries.
Under such circumstances, Vietnam should take the initiative to adapt to the new international situation and enhance its economic stability and ability to resist risks, which will become a major task for a period of time to come.