Vietnam Market Brief (2019Q1EN)
In Q1/2019, Vietnam maintained stable economic growth. GDP growth was 6.8%. Retail sales strongly grew, especially in Feb, whilst high tourist arrivals in Q1/2019 supported the services sector and consumer spending. CPI is below three percent. Export momentum continued with over US$58.5 billion, increasing 5% YoY. The US is the largest market at US$13 billion exports, followed by the EU with US$10.2 billion. FDI was high for both newly registered and disbursed capital. China is the largest contributor of newly registered FDI with a 19% share, followed by Singapore at 18 percent. Business environment and policies improved, in Q1/2019, there was 28,400 newly established businesses with US$16.5 billion registered capital.