VCSC Daily - Investors mixed on economic data, SBV lower policy rates…again

Vietnamese shares were mixed on economic data for 1H 2012. The market closed mixed on economic data released by the GSO on Friday. Economic growth of 4.66% in the second quarter came in slightly better than a previous government estimate of 4.5% at the recent NA meeting. With GDP growth of 4.38% yoy for 1H 2012, the full year GDP target of 6-6.5% still seems a bit challenging. We maintain our forecast GDP growth of 5.5% for the year.