Wednesday, 20 November 2013

Vietnam Freight Transport Report Q1 2014

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Vietnam Freight Transport Report Q1 2014
Nov 20th 2013, 00:00

Price: $ 1295  

Although we expect the Vietnamese economy to record yet another quarter of sub-par growth in Q4 2013 (at the time of writing), we are beginning to see potential for upside surprises to domestic demand over the coming quarters, providing potential comfort to the country's freight mix. Recent data on foreign direct investment inflows, remittances, passenger car sales, and property market launches, suggests to us that domestic demand is on a nascent recovery, setting the stage for stronger 2014 growth. The general consensus is expecting the Vietnamese economy to suffer yet another quarter of sub-par growth mainly due to subdued external demand and the lack of progress on banking sector reforms. This is closely in line with our view that real GDP growth will come in at just 5.3% in 2013, a slight impr ...

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