{"id":69393,"date":"2026-10-08T03:55:33","date_gmt":"2026-10-08T03:55:33","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/vietnam-q3-gdp-growth-hits-post-pandemic-high-as-inflation-rises-limiting-central-bank-easing\/"},"modified":"2026-10-08T03:55:33","modified_gmt":"2026-10-08T03:55:33","slug":"vietnam-q3-gdp-growth-hits-post-pandemic-high-as-inflation-rises-limiting-central-bank-easing","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/vietnam-q3-gdp-growth-hits-post-pandemic-high-as-inflation-rises-limiting-central-bank-easing\/","title":{"rendered":"Vietnam\u2019da 3. \u00e7eyrek GSYH b\u00fcy\u00fcmesi pandemi sonras\u0131 zirveye \u00e7\u0131karken, artan enflasyon merkez bankas\u0131n\u0131n gev\u015feme alan\u0131n\u0131 daralt\u0131yor"},"content":{"rendered":"

Vietnam ekonomisi \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte ivmelendi; GSYH y\u0131ll\u0131k bazda %10,0 artarak Bloomberg konsens\u00fcs\u00fc olan %8,7\u2019nin \u00fczerine \u00e7\u0131kt\u0131. B\u00fcy\u00fcme, %8,4\u2019ten revize edilen ikinci \u00e7eyrek verisi (%8,8) sonras\u0131nda h\u0131z kazand\u0131. Bu, pandemi d\u00f6neminden bu yana en h\u0131zl\u0131 tempo olurken y\u0131lba\u015f\u0131ndan bu yana b\u00fcy\u00fcmeyi %8,9\u2019a ta\u015f\u0131d\u0131. H\u00fck\u00fcmetin y\u0131l geneli i\u00e7in %10\u2019luk hedefinin tutturulabilmesi ad\u0131na d\u00f6rd\u00fcnc\u00fc \u00e7eyrekte b\u00fcy\u00fcmenin %12,5\u2019e \u00e7\u0131kmas\u0131 gerekiyor; bu, ivme g\u00fc\u00e7l\u00fc kalsa bile ola\u011fand\u0131\u015f\u0131 \u00f6l\u00e7\u00fcde sert bir ek h\u0131zlanmaya i\u015faret ediyor.<\/p>\n\n

B\u00fcy\u00fcme geni\u015f tabana yay\u0131lsa da, \u00c7in tedarik zincirlerinden \u00e7e\u015fitlenme ile kapasite art\u0131\u015f\u0131n\u0131n s\u00fcrmesi e\u015fli\u011finde yat\u0131r\u0131m ve sanayi \u00f6nc\u00fcl\u00fck etti. Sanayi ve in\u015faat y\u0131ll\u0131k %12,5 b\u00fcy\u00fcrken, hizmetler %9,5 artt\u0131; imalat %11,4 y\u00fckselerek (2\u00c7: %10,8) man\u015fet b\u00fcy\u00fcmeye 2,8 puan katk\u0131 verdi. Dayan\u0131kl\u0131 yabanc\u0131 yat\u0131r\u0131m\u0131n deste\u011fiyle in\u015faat b\u00fcy\u00fcmesi %8,9\u2019dan %12,2\u2019ye h\u0131zland\u0131. Ancak enflasyon bask\u0131lar\u0131 art\u0131yor: Eyl\u00fcl T\u00dcFE %5,1 y\u00fckselerek %4,5\u2019lik ortalama hedefin \u00fczerine \u00e7\u0131kt\u0131. Y\u00fckselen petrol fiyatlar\u0131 ve h\u0131zl\u0131 kredi b\u00fcy\u00fcmesi, Vietnam Merkez Bankas\u0131\u2019n\u0131n (SBV) ilave parasal destek alan\u0131n\u0131 daralt\u0131yor.<\/p>\n\n

H\u0131zl\u0131 Ekonomik B\u00fcy\u00fcme ve Zorluklar\u0131<\/h3>\n\n

Vietnam\u2019da g\u00fc\u00e7l\u00fc bir ekonomik geni\u015fleme g\u00f6zleniyor; ancak bu h\u0131zl\u0131 b\u00fcy\u00fcme, t\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n y\u00f6netmesi gereken \u00f6nemli zorluklar\u0131 da beraberinde getiriyor. \u00dc\u00e7\u00fcnc\u00fc \u00e7eyrekte GSYH\u2019nin y\u0131ll\u0131k %10,0 s\u0131\u00e7ramas\u0131yla, k\u00fcresel tedarik zincirleri yeniden \u015fekillenirken \u00fclkenin imalat ve in\u015faat sekt\u00f6rleri h\u0131zla b\u00fcy\u00fcyor. Bununla birlikte, bu g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme Eyl\u00fcl enflasyonunu %5,1\u2019e ta\u015f\u0131d\u0131; bu seviye h\u00fck\u00fcmetin %4,5 hedefinin belirgin \u015fekilde \u00fczerinde.<\/p>\n\n

T\u00fcrev \u0130\u015flem Yapanlar ile Risk Y\u00f6netimi A\u00e7\u0131s\u0131ndan Sonu\u00e7lar<\/h3>\n\n

T\u00fcrev piyasa kat\u0131l\u0131mc\u0131lar\u0131 olarak, \u00f6n\u00fcm\u00fczdeki haftalarda Vietnam hisse endeksi vadeli i\u015flemleri ve kur t\u00fcrevlerinde oynakl\u0131\u011f\u0131n artmas\u0131na haz\u0131rl\u0131kl\u0131 olmal\u0131y\u0131z. H\u0131zl\u0131 kredi b\u00fcy\u00fcmesi ve k\u00fcresel petrol fiyatlar\u0131ndaki y\u00fckseli\u015f, SBV\u2019yi ciddi bi\u00e7imde k\u0131s\u0131tlarken ilave faiz indirimleri i\u00e7in alan\u0131 neredeyse ortadan kald\u0131r\u0131yor. Vietnam Dongu\u2019nun (VND) yukar\u0131 y\u00f6nl\u00fc bask\u0131 alt\u0131nda kalmas\u0131n\u0131 bekliyoruz; bu da para politikas\u0131nda s\u0131k\u0131la\u015fmaya kar\u015f\u0131 korunma veya spek\u00fclasyon arayanlar i\u00e7in k\u0131sa vadeli kur vadeli i\u015flemlerini cazip k\u0131labilir.<\/p>\n\n

Tarihsel olarak, y\u00fckseli\u015f e\u011filimindeki b\u00fcy\u00fcme d\u00f6nemlerinde geli\u015fen piyasalarda enflasyonun merkez bankas\u0131 hedefini a\u015fmas\u0131, yerel hisse piyasalar\u0131nda sert yeniden fiyatlamalara yol a\u00e7abiliyor. Merkez bankas\u0131n\u0131n faiz art\u0131rmak zorunda kalmas\u0131 halinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc risklere kar\u015f\u0131 korunmak i\u00e7in daha geni\u015f G\u00fcneydo\u011fu Asya endeksleri \u00fczerindeki opsiyon s\u00f6zle\u015fmelerine bak\u0131lmas\u0131n\u0131 \u00f6neriyoruz. Orta Do\u011fu\u2019da t\u0131rmanan gerilimlerin petrol fiyatlar\u0131n\u0131 h\u0131zla yukar\u0131 itme olas\u0131l\u0131\u011f\u0131 nedeniyle pozisyon b\u00fcy\u00fckl\u00fckleri temkinli kalmal\u0131; bu senaryo Vietnam i\u00e7in ithal enflasyonu daha da h\u0131zland\u0131rabilir.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

Vietnam s\u00fcrpriz b\u00fcy\u00fcd\u00fc: 3\u00c7 GSYH %10 ile beklentiyi a\u015ft\u0131. Sanayi-yat\u0131r\u0131m ve FDI lokomotif. Ancak T\u00dcFE %5,1\u2019e \u00e7\u0131kt\u0131; petrol\/kredi SBV\u2019yi s\u0131k\u0131\u015ft\u0131r\u0131yor. 4\u00c7\u2019de %12,5 \u015fart. Risk: VND, vadeliler.<\/p>\n","protected":false},"author":87,"featured_media":69392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-69393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t