There are signs that the Vietnamese economy is on the right track with latest data published by the General Statistics Office (GSO) released in October 2013 showing that the Vietnamese economy expanded by 5.1% in the first nine months of the year, closely in line with our forecast for real GDP growth to come in at 5.3% for 2013. Heading into 2014, the country’s shipping sector looks in decent shape too, with healthy growth expected both in terms of tonnage and box throughput at the country’s two major ports. However, we believe that tight credit conditions, due to the lack …
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