HSBC: Manufacturing in the lead for Vietnam's economyBacked by a strong end of year with 2016’s fourth quarter GDP growth of 6.8 per cent and a growth rate of 6.2 per cent for the whole year, the primary driver of Vietnam’s robust economic expansion is manufacturing, HSBC wrote in its latest report. This was, however, offset by robust growth in manufacturing. All in all, about 19 sectors received FDI, but the largest share was absorbed by the manufacturing sector. Double-digit growth in manufacturing production, which accounts for 75 per cent of total industrial production, helped offset yet another steep fall in mining and quarrying output. All this signals expectations of higher demand, and thereby stronger economic growth in the quarters to come.

Source: VietNamNet News February 03, 2017 08:59 UTC