The Jakarta Post
Learning from the experience of the 1997 Asian financial crisis, Indonesia is closely monitoring developments in Vietnam with the latter ASEAN member at risk of falling into a financial crisis that may drag down other countries in the region.
President Susilo Bambang Yudhoyono said in a press conference after the Asia-Pacific Economic Cooperation (APEC) Summit on Sunday that he had received reports of the situation and had consulted with his economic ministers about the problems.
“The trouble [in Vietnam] should be a lesson for us, particularly in gauging the resilience of our economy against a financial shock,” said Yudhoyono.
“Indonesia and other fellow ASEAN members will be ready to help Vietnam through the crisis without the country having to seek a bailout from the International Monetary Fund [IMF],” said Yudhoyono.
He also said that assistance ...