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Vietnam Infrastructure Report Q3 2015

118 Pages BMI Research April 29, 2015 SKU: BMI5545105

Vietnam Infrastructure Report Q3 2015

BMI View: We maintain a generally positive outlook for Vietnam's construction sector, but highlightprevalent business environment issues will hinder the sector from reaching its maximum potential. Positivedrivers include easing monetary policy, improving economic environment and positive reform momentum.

We expect the transport sector to be key to driving growth.

We maintain a positive outlook for Vietnam's construction sector and expect growth of 5.9% in 2015 andto average 6.1% per annum between 2016 and 2019. This is slower than the 10-year historical averagegrowth rate of 7.1% between 2004 and 2013.

We expect monetary easing by the State Bank of Vietnam (rate cuts to 6.00%) to provide greater liquidityand lower cost of capital for construction companies, also increasing business activity.

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Vietnam Infrastructure Report Q3 2015

BMI Research
April 29, 2015

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