Research center

Only one violation and remains on the US Treasury’s currency watchlist

Government managing down inflation concerns

Overnight rates drop on excess liquidity before Tet

December construction steel consumption hits 285,000 & 2.77 million tons for 2019 Strong gains in the Southern region & more than doubling tonnage from 2018 Phase 1 trials complete for Dung Quat & over 80% of phase two near completion

Foreign exchange (FX) reserves by the end of 2019 was estimated at USD80 billion – or 3.8 months of import cover

GDP is estimated at 7.03% in 2019 - the second year to witness >7% GDP

Cannot escape from negative growth in 2019

After two years of construction, the project Dung Quat - Hoa Phat has almost finished the workload of the phase 1 and 80% of the phase 2.

Accumulated profit after tax in the first 11 months of 2019 (11M19) reached 99% of full-year targets

Moody’s reaffirms Vietnam’s Ba3 ratings but downgrades the outlook after completing the downgrade review begun on October 9, 2019 Lower outlook is a warning sign but not likely to be overly negative