Vietnam’s Real GDP Picks Up in 3Q, As Agriculture Output Recovers

Economic Research	29 September 2016
Vietnam
Economic Highlights
Vietnam’s Real GDP Picks Up in 3Q, As Agriculture Output Recovers Vietnam’s  real GDP picked up to a cumulative growth of 5.9% y-o-y in 3Q 2016, from +5.5% in both 2Q and 1Q, but slower compared with +6.5% in the corresponding period of 2015, on account of a rebound in agricultural activities from a decline, while manufacturing, construction and services activities picked up during the quarter. Looking ahead, we envisage the country’s real GDP to grow by 6.0% in 2016, from +6.9% estimated previously and compared with +6.7% registered in 2015, premised on a more moderate increase in exports, while domestic demand softens. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
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