FW: RHB | Vietnam | Vietnam's GDP Growth Highest In a Decade

 

 

 

 

 

Economic Research			30 March 2018
Vietnam
Economic Update
Vietnam’s GDP Growth Highest In a Decade   Vietnam’s real GDP recorded a decade-high growth of 7.4% in 1Q18, picking up from +6.8% recorded for full-year 2017, and +5.1% for 1Q17. We believe the strong growth in exports and FDI inflows, along with resilient domestic demand, ought to continue supporting overall economic activity going forward. Overall, we forecast GDP growth to record a sustained growth of 6.3% in 2018, albeit slowing from 2017’s 6.8%. This is on account of:      i.   Sustained inflows of foreign direct investments (FDIs);     ii.   Continued growth in exports amid sustained global trade activity;   iii.   Robust private investments;   iv.   The Government’s efforts on economic liberalisation and institutional reforms   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:   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 31 Oct : Industrial Activity Strongest In Two Years
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
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
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184