The prediction follows positive results in Q1 Specifically, domestic industrial production has expanded at the fastest pace for the past 3 years, at 9%.
The Vietnam Consumer Confidence Index, average real growth in retail sales and sales growth of motor vehicles have also picked up. In addition, ANZ’s research pointed out positive indices for the recovery of domestic demand, thanks to increasing credit demand and declining trade deficit. The balance of payment surplus is also expected to continue in 2015 as Vietnam remains a magnet for foreign direct investment (FDI).
