Thursday, 14 November 2013

Vietnam Infrastructure Report Q1 2014

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Vietnam Infrastructure Report Q1 2014
Nov 13th 2013, 00:00

Price: $ 1295  

BMI View: Vietnam's construction sector is in an upward cyclical phase, as evidenced by a real growth rate of 5.3% y-o-y in the first nine months of 2013. We believe this could continue in 2014 and are maintaining our growth forecasts of 5.6% for 2014. This is because we expect monetary conditions to remain conducive for construction and have seen greater investment in the construction sector, particularly from foreign sources. Most importantly, the government has taken an aggressive stance in restructuring its state-owned enterprises, which could unlock additional investment for infrastructure development over the coming years. The major developments in Vietnam's infrastructure sector are: ? In July 2013, the government of Ho Chi Minh City entered into an agreement with Japan's Sumitomo ...

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