US Debt Default and Banking Crisis US Treasury Secretary Janet Yellen warns that the country could face a debt default if Congress does not raise or suspend the federal debt limit. The Federal Reserve reports that over 50% of US banks are facing safety and solvency risks due to tightening interest rates, leading to a shortage of USD.

Challenges Faced by Vietnam's Economy Vietnam is experiencing declining exports, weak investment, capital withdrawal, and a real estate crisis which have impacted its GDP growth rate. Its financial sector is trapped in dollar debts with external debts amounting to nearly 70% of its GDP as it faces unfavorable conditions such as lagging infrastructure development and rising financing costs.