TRIS Views - Impacts of Ukraine-Russia Conflict on Key Industries

TRIS Rating views the Ukraine-Russia conflict will slow Thai economic growth to 2.4% in 2022, revised downward from the previous forecast of 3.4%.

PROPERTY INDUSTRY (HOMEBUILDER AND REAL ESTATE DEVELOPER)

TRIS Rating expects the housing sales in Thailand will grow by 5% to 10% in 2022, assuming no resurgence of deadly Coronavirus Disease 2019 (COVID-19) variants.

Testing Resilience: Vietnam in Focus 2022

TRIS Rating forecasts Vietnam’s real gross domestic product (GDP) to grow by 5.6% in 2022, rebounding from a historic low of 2.6% last year caused by the Delta variant outbreak, which prompted the Vietnamese authorities to implement lockdown measures in major cities including Ho Chi Minh City (HCMC) and Hanoi in the third quarter of 2021 (Q3/2021).