FW: RHB | Vietnam | Industrial and Export Growth Still Strong in August

 

 

Economic Research			30 August 2017
Vietnam
Economic Update
Industrial and Export Growth Still Strong in August   Industrial activities gained pace in August, while external activities remained at a robust pace, albeit easing slightly from the preceding month. Looking ahead, we anticipate robust growth in exports and strong inflows of FDI to remain sustainable, trickling down to the domestic side and boosting overall economic activity. As a result, we forecast real GDP growth to grow at a stronger pace of 6.3% in 2017 (2016: 6.2%). This is premised on stronger growth in exports amid a recovery in global trade activity, sustained inflow of FDIs, robust private investment, and the Government’s efforts on economic restructuring and institutional reform.   Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
To access our recent reports please click on the links below:   01 Aug : Economic Activity Still Robust In Early 3Q 30 Jun : Exports And Industrial Activities To Drive Growth 30 Jun: 2Q17 Real GDP Growth Gains Momentum 31 May : Indicators Point To Pick-up In GDP Growth For 2017 03 May : Industrial & External Activities Strengthen In April
Economics Team
Lim Chee Sing	Chief Economist	cslim@rhbgroup.com		+603 9280 2153
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184