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 …
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