Macro Update - Recovery chugs along amid record low CPI – National Assembly pass foreigner friendly laws
  • 2014-12-02T00:00:00
  • Macroeconomics
November ended with record low inflation at 2.08% YTD as retail gasoline price dropped off nearly 7%. Meanwhile the recovery is still on track with real retail sales seeing three months of sequential gains and industrial production expanding at an encouraging double-digit pace towards yearend. The 8th NA meeting concluded with positive changes (most for foreigners) approved to the Housing Law, Corporate Income Tax Law, Investment Law and Enterprise Law.