Macro Update - Fundamentals sturdy despite rising global risks
  • 2018-07-06T19:34:20
  • Macroeconomics
GDP: Vietnam’s H1 GDP growth reached 7.08%, the highest H1 growth since 2011. The solid results were attributed to all three sectors of the economy. Among the three sectors, industry & construction posted the strongest growth at 9.07% YoY (vs 7.01% in H1 2016 and 5.42% in H1 2017) and contributed 48.9% to total GDP growth, thanks to the impressive performance of the manufacturing sub-sector, which surged 13.02%, boosted by global and domestic demand.