Economic Update – Envisaging a stronger recovery in 2Q21F
- Vietnam’s 1Q21 GDP grew 4.5% yoy which slightly better than the growth rate of 3.7% seen in 1Q20 amid the third COVID-19 infection.
- Average CPI edged up 0.3% yoy in 1Q21, the lowest 1Q level in 20 years, however headline inflation is expected to spike in 2Q21F.
- We trim our 2021F GDP growth to 6.7% yoy in baseline scenario (from previous forecast of 7.1%).
Please follow this link for the full report
You Might Be Interested
Economics Note
358
Vietnam’s 2Q23 GDP rose 4.1% yoy, a slight improvement from 3.3% yoy growth in 1Q23. We forecast Vietnam’s GDP to increase 7.1% yoy in 2H23, thus lifting 2023 full-year growth rate to 5.5% you. The implementation of fiscal expansion policy…
Economics Note
356
Implemented FDI increased by 3.3% yoy to reach US$1.6bn in Apr 2023 while registered capital surged by 80.5% yoy to US$3.4bn. Vietnam’s CPI cooled down to 2.8% yoy in Apr, the lowest level in 1 year We maintain our GDP…
Economics Note
369
The Fed raised its target range for the Federal Funds rate to between 5% and 5.25% and hinted that the current tightening cycle is at an end. The State bank of Vietnam (SBV) announced to buy US$6bn in foreign exchange…
VI
EN
JA
ZH
