Vietnam: Making hay – Standard Chartered

Dhwani Mehta FXStreet

Chidu Narayanan, Standard Chartered Economist for Asia, throws some light on the Vietnamese economy, as he sees a 7% GDP growth in 2020.

Key Quotes:

“Vietnam likely to remain the fastest-growing ASEAN economy in 2020; we see growth at 7% driven by manufacturing and construction activity.

Inflation to rise to average 4.0% in 2020, driven by higher food prices; core inflation to remain at 2%.

Export growth is likely to remain steady, supported by both electronics and traditional exports.

We see a C/A surplus of 3%, driven by the trade surplus; lower tourist arrivals present downside risks.

FDI inflows are likely to remain high, albeit lower than in 2019; we see a mild appreciation of the VND.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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