Vietnam Macro - GDP above expectations
  • 2013-12-30T00:00:00
  • Macroeconomics
Summary: Looking good. 2013 GDP 5.42%, higher than market expectations (5.3%), but lower than the government target of (5.5%). Credit growth 9.5%, saving rates remain high. 2013 inflation ends at 6.04% thanks to stable food prices. Production recovery speeds up to 5.9%. Retail sale growth picks up slowly amid conservative spending. 2013 FDI surpasses government target. Trade balance hit surplus of USD863mn for the second straight year.