Quarterly Report (I) - Independent Assessment Of Vietnam's Macroeconomic Policies
Regarding Vietnamese economy, Q1 surprised with a growth level of 5.1%, the lowest level for the past three years. The recovery of agriculture, forestry, and aquaculture sectors (2.0%), together with the stable growth in the service sector (6.5%) were not enough to compensate for the abnormally low growth level of the industry sector. Notably, manufacturing and processing sector grew at only 8.3%, lower than Q1/2016. The VEPI of 5.8% also reflects a slowdown in the economic growth of Viet Nam in Q1.