Published Date: 15/11/2024
- Production activities flourished as the PMI rebounded above the 50 no-change mark, reaching 51.2 in October, up from 47.3 in Sep.
- Mounting FX pressures, driven by a surge in the USD following the US presidential election, pushed the USD/VND exchange rate up to 25,391VND/USD.
- Based on the upbeat performance in 2Q and 3Q, we expect the economy to expand by 6.9% yoy in 2024.
