Research Center

Vietnam’s 3Q20 GDP rose 2.6% yoy, the lowest third-quarter growth in a decade due to the impact of Covid-19. Real GDP grew 2.1% yoy in 9M20. Vietnam’s Sep headline inflation slowed to 3.0% yoy (vs. 3.2% yoy in Aug). We…

Vietnam’s services and industrial sectors weakened mom in Aug 2020 as the second wave of Covid-19 spreads across the country. Vietnam’s headline inflation slowed to 0.1% mom in Aug 2020 (vs. 0.4% mom in Jul). The trade surplus further widened…

We cut our 2020F GDP growth forecast by 1% pt to +3.5% in our baseline scenario due to growing uncertainties over the latest Covid-19 outbreak. Our 2020F average inflation rate is kept unchanged at 3.2% yoy. We expect to see…

Vietnam’s 2Q20 GDP edged up 0.4% yoy, the slowest second quarter growth rate in a decade. Real GDP grew 1.8% yoy in 1H20. The service sector recovered faster than we expected, with total value of retail sales and services rising…

The service and industrial sectors saw a rebound in May after Vietnam’s government relaxed social distancing rules from 23 Apr onwards. Headline inflation eased to 2.4% yoy in May. The overnight rate in late May was 0.3%, the lowest level…

Service and industry saw contractions in Apr due to the three-week lockdown. Falling oil prices could help the government control inflation better. We cut our FY20F GDP growth forecast by 0.5% pt to 4.5%. Please follow this link for the…

Vietnam’s 1Q20 real GDP grew 3.8% yoy, the slowest 1Q growth pace in a decade, as all sectors are affected by the COVID-19 outbreak. Vietnam’s headline inflation eased to 4.9% yoy in Mar 2020 (vs. 5.4% in Feb) as transportation…

Economic activities on both the supply and demand sides have been significantly affected by the Covid-19 outbreak. We expect inflation to average higher in 2020F but remain under control at below 4.0%. Given the concerns over the coronavirus outbreak, we…

Vietnam’s headline inflation jumped to 6.43% yoy in Jan 2020. Food inflation pressure is still high but likely to decline in 2Q20F, in our view. We think oil prices will continue to drop due to demand fears related to the…

Headline inflation jumped to +3.52% yoy in Nov (vs. +2.24% yoy in Oct). Pork price hike lifted food inflation to a record high in Nov. Price pressures remain muted on average, at 2.57% yoy in 9M19 vs. 3.59% in the…