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WEAK DEMAND, STAGNANT CREDIT GROWTH CONCERNS IN VIETNAM
May 14, 2013
HO CHI MINH CITY – Vietnam’s Index of Industrial Production, released by the General Statistics Office (GSO), lifted by 5.8% on-year in April, while the HSBC Vietnam PMI posted above the neutral level for a second month, indicating a gradual rise in production output and improvement in business conditions. In its monthly newsletter, Vietnam Asset Management (VAM) says that while the State sector is struggling to revive, FDI continues to flow into the manufacturing industry, especially the private sector.