Vietnam Outlook – Aug24
Posted:06/08/2024
- Exports continued to flourish while PMI in July anchored at 54.7 as manufacturing outputs surged at the fastest pace since Mar 2011.
- Exchange rate pressures eased moderately leading to a decrease in foreign exchange rate to 25,264 VND/USD.
- We expect the economy to grow healthily by 6.6% and 6.5% yoy in 3Q and 4Q, respectively, which will bring the 2024 GDP growth rate to 6.5%.
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