Vietnam Outlook – Nov24

Posted: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.

 

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