My One Academy: FW: RHB | Vietnam | Economic Activity Recovered In March

Friday, March 30, 2018

FW: RHB | Vietnam | Economic Activity Recovered In March

Economic Research

30 March 2018

Vietnam

Economic Update

Economic Activity Recovered In March

Industrial and external activities recovered in March, after easing in February, likely due to shorter working days. Retail sales, however, slowed, reflecting the slowdown in sales from a surge during the Tet festival in February. Meanwhile, inflationary pressures also eased up during the month. Looking ahead, we anticipate the robust growth in exports and strong inflow of FDIs to remain sustainable – trickling down to the domestic side and boosting overall economic activity. After recording a robust growth of 6.8% in 2017, we expect Vietnam to record a real GDP growth of 6.3% in 2018. This is on account of:

i. Sustained inflows of foreign direct investment (FDI);

ii. Continued growth in export activity;

iii. Robust private investments

Economist:

Vincent Loo Yeong Hong | +603 9280 2172

Aris Nazman Maslan | +603 9280 2184

To access our recent reports please click on the links below:

30 Mar : Vietnam’s GDP Growth Highest In a Decade

02 Mar : Tet Drives Slowdown in February

03 Jan : Industrial And External Activities Moderate Slightly

02 Jan : Robust Exports Boost Vietnam’s 2017 GDP

05 Dec : Industrial Activity Continues Upward Trend