Domestic consumption: Though retail sales rose only 5.6% YoY in 2M 2017, the lowest rate in four years, strong consumer confidence, which accelerated to rank fifth in the world, should underpin domestic demand growth. Industrial production: IIP will continue to recover in March, supported by strong PMI of Vietnam and neighbors. The index of industrial production (IIP) rose 15.2% YoY in February, mainly driven by the manufacturing sector’s strong growth of 22.4% YoY.