New Market Report: Vietnam Infrastructure Report Q4 2013
BMI View: Vietnam's construction sector is still in an upward cyclical phase, as evidenced by a real growth rate of 5.1% y-o-y in H113. Therefore, we are maintaining our view that the recovery in Vietnam's construction sector could last well into 2013 - our real growth forecasts for the sector remain at 5.3% for 2013 - as monetary conditions are becoming increasingly conducive to construction. We have, however, revised down our construction growth forecasts for 2014 from 6.4% to 5.6%....
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