Vietnam’s 14th Party Congress concluded today with the swift reappointment of To Lam to a full five-year term. His continuation in office should support a return to greater political stability and reinforces expectations that boosting economic growth will remain a central government priority. However, the unprecedented concentration of power in a single individual also raises longer-term governance and policy risks.
Korea’s KOSPI has risen nearly 20% so far this year, driven by the global technology and AI boom. Even so, the broader economic impact is likely to be limited, given that the bulk of household wealth remains concentrated in non-financial assets, particularly property.
Finally, campaigning for Bangladesh’s general election began on Thursday, marking a decisive phase for a country that has been under significant strain following a prolonged period of political turmoil.
Next week we will be holding an online briefing to discuss the outlook for Indonesia amid renewed concerns about the direction of policymaking under President Prabowo. Click here to register.
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