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Title: Vietnam at a glance
Category: Economy
Source: Hongkong and Shanghai Banking Corporation Ltd.
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Date: 7/3/2015 Pages: 9 Language: English File Type: Size: 310 Kb
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Summary:

With all the turbulence in the world, Vietnam stands out with the more upbeat news flow and economic data. Exports accelerated in June by 18% y-o-y, defying gravity, and taking the year-to-date growth close to 10%. The PMI is equally positive, expanding sharply in Q2. While the June number decelerated to 52.2 from 54.8, the leading indicator – new orders minus inventories - rose sharply, suggesting output will rise in the months ahead. Credit growth, too, picked up by 17% y-o-y, thanks to improving demand.







 

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