The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.

Among the 1,300 European businesses inquiring about the investment climate in Vietnam, up to 63% listed the country among the top 10 destinations for foreign direct investment firms.

Morgan Stanley has cut its projection for Indonesia’s economic growth to 4.5 percent year-on-year from 6.3 percent in 2021, and to 5.4 percent from 5.5 percent in 2022.

Vietnam’s containing of the COVID-19 pandemic allowed quick reopening of local businesses, and the country is now expected to be the world’s fastest growing economy in 2020, said Ruchir Sharma, the chief global strategist at Morgan Stanley Investment Management.