Friday, 13 September 2013

Vietnam Shipping Report Q4 2013

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Vietnam Shipping Report Q4 2013
Sep 11th 2013, 00:00

Price: $ 1295  

Vietnam's economic recovery is beginning to lose its momentum, with the country recording a relatively weak real GDP growth figure of 5.0% year-on-year (y-o-y) in Q2 2013, up only slightly from 4.9% in Q1 2013. The latest GDP print also suggests to us that further efforts by the Vietnamese government to speed up the restructuring of debt-laden banks and restart lending to small and medium-sized enterprises (SMEs) may be necessary to support economic growth over the coming quarters. Moreover, given that we have recently begun to see signs of a slowdown in economic activity across the region, 2013 looks increasingly precarious for the Vietnamese economy. That said, the shipping sector picture is not too sluggish at all at the moment, with healthy tonnage growth forecast over the medium term at the P ...

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