SUMMARY
 
According to newly released data from the General Statistics Office of Vietnam, Vietnam's GDP growth rate in Q2/2023 is estimated to be higher than that of Q1. However, Vietnam's economy is still facing many challenges.
 
Inflation and exchange rate pressures are still present but not too ominous and Vietnam's economy is expected to accelerate slightly in 2H-2023 thanks to the Government's supportive policies and solutions to remove difficulties for the real estate/bond sector, interest rates are gradually decreasing, and exports may increase slightly compared to the first half of the year, and international tourist arrivals to Vietnam will increase more positively.
 
However, according to Vietdata, it will be difficult to have a breakthrough in economic growth in the second half of the year, because Vietnam's economy is still heavily dependent on the export sector. Meanwhile, the total import demand data of the EU, China, US, Japan, and Korean markets have not shown any significant changes. In addition, the recovery of the Chinese market was not as expected. China's economy is losing its growth momentum, so the ability to export to this market is unlikely to break through in the second half of the year.

TABLE OF CONTENTS
 
A. OVERVIEW
General perception
Overview of macroeconomic indicators
A brief overview of some industries
 
B. VIETNAM MACROECONOMICS
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Domestic production
Domestic consumption
Import and Export
Foreign Direct Investment (FDI)
Business registration status
State budget
Investment capital for social development
 
C. FINANCIAL MARKET
Credit system
Corporate Bonds
Government Bonds
Stock market
 
D. UPDATE OF SOME KEY INDUSTRIES
Insurance
Electricity
Transportation & Logistics
Tourism
Steel
Cement
Textile, Garment and Footwear
Fertilizer
Animal feed
Seafood
Rubber
Wood and wood products
Rice
Cashew
 
E. COMMODITY PRICE
Crude oil price movements and currencies
Price movements of some commodities
International freight rates