Economy / Vietnam
If you would like to subscribe to South East Asia Monitor Vol 1 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 1 please click on the trial link below.
DATA & FORECASTS
October 2007 | Risk SummarySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to South East Asia Monitor Vol 1 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 1 please click on the trial link below.
BMI view: The Vietnamese economy grew by 8.17% last year. Recent macroeconomic data support our view that GDP growth will remain above 8% this and next year. Industrial production has remained firm in Q307 and we expect this momentum to hold up over the remainder of the year. Strong investment and a range of government-financed infrastructure projects should also serve to keep economic activity at a high level throughout the year. The possibilities of weaker US demand and sharp monetary tightening, in order to stem inflation, are the main downside risks for growth this year.