Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Vietnam Business Forecast Report Q3 2013

Vietnam Business Forecast Report Q3 2013 - new country guide report published


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-19 08:51:03 - Vietnam Business Forecast Report Q3 2013 - a new country guide report on companiesandmarkets.com

Vietnam´s real GDP growth came in relatively weak at 4.9% yearon- year (y-o-y) in Q113, missing Bloomberg consensus of 5.2% by a significant margin. However, the HSBC purchasing managers´ index, which posted a 23-month high of 50.8 in March, suggests to us that the economic recovery remains on track.

The State Bank of Vietnam (SBV) cut its refinancing rate by 100 basis points (bps) from 8.00% to 7.00% on May 13. Easing commodity prices (especially within the grains complex) have played a major role in anchoring Vietnam´s headline consumer price inflation (CPI) within the low 6.0-7.0% range in recent months, and we expect this trend to persist as we head into H213. Accordingly, we expect the SBV to keep its policy

 

 

rate on hold through 2014.

FDI inflows into Vietnam surged by a whopping 17% y-o-y to US$8.2bn in the first four months of this year. We expect increasing FDI inflows into Vietnam to boost gross fixed capital formation growth (GFCF), which we forecast to come in relatively strong at 5.1% and 6.0% in 2013 and 2014 respectively.

Major Forecast Changes

We have revised down our real GDP growth forecast from 7.0% to 6.3% for 2013.

We have also revised our end-2013 policy rate forecast to 7.00% to reflect the latest rate cut by the SBV.

Key Risks To Outlook

Downside Growth Risks From Rising Commodity Prices: Should commodity prices witness a strong rebound in 2013, we could see the central bank adopting a more hawkish stance on monetary policy.

The risk of having to hike interest rates aggressively would present significant downside risks to economic growth.

Further Deterioration In External Demand: Vietnam´s trade account has fallen back into deficit territory in recent months. Should we see a sustained deterioration in the trade balance, we would not be surprised to see the Vietnamese dong coming under further selling pressures.The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.

Click for report details: www.companiesandmarkets.com/Market/All-Sectors/Country-Guide/Vie ..

Browse all All Sectors Country Guide Reports www.companiesandmarkets.com/Market/All-Sectors/Country-Guide?aCo ..

Browse all All Sectors Company Profile Reports www.companiesandmarkets.com/Market/All-Sectors/Company-Profile?a ..

Browse all Latest Country Guide Reports www.companiesandmarkets.com/Market/All/Country-Guide?aCode=f3fb3 ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com