Monday, October 2, 2017

FW: RHB | Vietnam | Strong Exports Drives GDP Higher

 

 

 

 

Economic Research

2 October 2017

 

 

Vietnam

 

 

 

Economic Update

 

 

Strong Exports Drives GDP Higher

 

Vietnam’s real GDP picked up to a growth of 6.4% YoY in the January-September period. This was from a growth of 5.7% in 1H17 and compared to 5.9% in the same period last year. We believe the strong growth in exports and FDI inflows, along with resilient domestic demand, ought to continue supporting overall economic activity.

For 2018, we expect the country’s real GDP to grow at sustained pace of 6.1% in 2017, albeit slowing from the 6.3% expected for 2017. This is on account of:

    i.   Strong inflows of foreign direct investments (FDIs);

   ii.   Sustained exports amid continued growth in global trade activity;

  iii.   Robust private investment;

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:

 

30 Aug : Industrial and Export Growth Still Strong in August

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

 

 

Economics Team

 

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

 

 

 

 

 

 

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