Vietnam bullish on GDP growth over construction sector boost

Projections on GDP growth has been raised from 6.5% to 6.9%.

The growth of the construction sector is expected to boost Vietnam’s GDP growth in 2019, as Fitch Solutions has revised its real GDP prediction for Vietnam to 6.9% in 2019 from the previous 6.5%.

According to a note, real GDP growth was higher in Q3 2019 at 7.3% YoY compared to 6.7% YoY in the previous quarter.

Fitch Ratings forecasts that the construction sector will further contribute to headline growth, given its surge to 9.7% YoY in Q32019 against Q22019’s 9.1%

Chinese companies helped the manufacturing sector jump to 12% YoY in Q32019 versus 10% YoY in Q22019.

The industrial sector contributed 3.6ppt to GDP growth, its highest in five years, with services remaining resilient at 6.8% in Q3 this year.

On the other hand, droughts and the African swine fever continued to rear their ugly heads on the agriculture and livestock industries, with the agriculture sector reporting a meager increase to 2% YoY for Q3 from 1.7% in Q2.

But whilst the influx of Chinese companies might be benefiting Vietnamese manufacturers, Fitch warns that the US-China trade war may also affect infrastructure and the labour force.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia