Macro Update - Disappointing Q1 GDP doesn’t shake optimistic 2017 outlook
  • 2017-04-10T11:37:23
  • Macroeconomics
GDP Growth: We maintain our forecast for 6.5% 2017 GDP growth despite a disappointing Q1. Vietnam’s economic growth was estimated at 5.1% YoY in Q1 2017, the lowest level in three years. A reduction of crude oil output and a slowdown in manufacturing growth, mainly caused by Samsung’s 38% YoY production contraction, were the main reasons for this disappointing result.