Published Date: 10/04/2024
A positive start to a prosperous year
▪ March: Export increased positively by 14.2% but the PMI index fell below the threshold of 50 points because the number of new orders decreased again.
▪ The exchange rate soared 2.9% since the beginning of the year to 25,003 VND/USD, the highest level in history. We expect exchange rate pressures to cool in the upcoming months.
▪ The GDP is expected to grow by 5.6% in 1Q 2024; we remain our expectation of 2024 GDP to grow by 5.9% - 6.1%.
