RHB | Vietnam | Key Economic Activities Remained Resilient In December, Recovery On Track, 31 Dec 2014

Economic Research	31 December 2014
Vietnam
Economic Highlights
Key Economic Activities Remained Resilient In December, Recovery On Track Vietnam’s industrial production sustained its growth at 9.6% y-o-y in December, albeit at a slower pace, from +11.1% in November, indicating resilient industrial activities in tandem with a sustained increase in external demand. Indeed, exports grew at a faster pace of 12.6% y-o-y in December, maintaining its double-digit growth rate, compared with a revised +10.3% in November. Retail sales, on the other hand, eased to +10.6% y-o-y in January-December period, from 11.1% in January-November. Meanwhile, the headline inflation moderated to 1.8% y-o-y in December, the lowest in the past 13 years, after inching lower to +2.6% in November. The moderation was attributed to petroleum price cuts on 22 Nov and 6 Dec which lowered transport costs by 3.1%. As a whole, the key economic data in December suggest that the economic recovery is on a more stable footing and will likely continue its pace in 2015. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Shafizal Shafaai  | +603 9280 2179
To access our recent reports please click on the links below: 31 Dec 2014: Real GDP Growth On A Solid Footing In The 4Q, Likely To Improve In 2015 27 Nov 2014: Key Economic Activities Picked Up In November, Growth On A More Solid Footing 28 Oct 2014: Key Economic Activities Weakened In October, But Growth Remains On Track To Improve In The 4Q 29 Sept 2014: Real GDP Growth Inched Higher In The 3Q, Will Likely Improve Further