RHB | Vietnam | Key Economic Activities Weakened In August, But Growth Remains On Track To Improve In 2H, 27 Aug 2014

Economic Research	27 August 2014
Vietnam
Economic Highlights
Key Economic Activities Weakened In August, But Growth Remains On Track To Improve In 2H The key economic data in August suggest that Vietnam’s economic activities have stabilised following the aftermath of the anti-China riots as export recovery and industrial activities remained resilient amid moderating price pressure. Indeed, we expect economic growth in the 2H of the year to pick up pace, on account of improving outlook for exports following the devaluation of VND, while the monetary policy remains accommodative amid subdued inflation. For the full-year, we expect real GDP to grow by 5.7% in 2014, faster than +5.4% in 2013. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Shafizal Shafaai  | +603 9280 2179