Vietnam | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 6.40 6.3 6.5 6.6 6.2 6.2 percent [+]
Unemployment Rate 2.06 2 2.1 2.2 2.09 2.7 percent [+]
Inflation Rate 4.52 4.8 5.1 4.5 4.4 3 percent [+]
Interest Rate 6.50 6.5 6.5 6 6 5 percent [+]
Balance of Trade -400.00 -186 0 -400 -200 -600 USD Million [+]
Government Debt to GDP 50.50 55 57 57 57 62 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 22710.00 22634 22858 23082 23306 26892 [+]
Stock Market 653.47 667 661 654 647 539 points [+]
Government Bond 10y 6.04 6.09 6.15 6.21 6.27 7.24 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 6.40 6.3 6.5 6.6 6.2 6.2 percent [+]
GDP Annual Growth Rate 6.40 6.3 6.5 6.6 6.2 6.2 percent [+]
GDP 193.60 205 217 217 217 260 USD Billion [+]
GDP Constant Prices 2070880.00 3050000 600000 1380000 2198000 3880000 VND Billion [+]
Gross National Product 3977610.00 4276054 4333080 4390107 4447133 5106130 VND Billion [+]
Gross Fixed Capital Formation 1033780.00 1273408 1489888 1489888 1489888 2284610 VND Billion [+]
GDP per capita 1684.87 1773 1795 1816 1838 2130 USD [+]
GDP per capita PPP 5668.00 5917 5979 6041 6104 7014 USD [+]
GDP From Agriculture 471971.00 710000 99000 297000 480000 755000 VND Billion [+]
GDP From Construction 156435.00 236000 45400 101000 158000 269000 VND Billion [+]
GDP From Manufacturing 453524.00 612000 13600 308000 470000 800000 VND Billion [+]
GDP From Mining 235921.00 393000 73500 143000 240000 431000 VND Billion [+]
GDP From Public Administration 136699.00 120000 125000 125000 128000 145000 VND Billion [+]
GDP From Services 1269694.00 1850000 400000 960000 1400000 2220000 VND Billion [+]
GDP From Transport 85280.00 118568 26369 52355 89437 143000 VND Billion [+]
GDP From Utilities 167402.00 250000 295000 295000 295000 482000 VND Billion [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 2.06 2 2.1 2.2 2.09 2.7 percent [+]
Employed Persons 53.24 53.93 53.88 54.86 55.2 58.63 Million [+]
Unemployed Persons 1.12 1.1 1.1 1.1 1.1 1.4 Million [+]
Minimum Wages 3500.00 3500 3900 3900 3900 5000 VND Thousand/Month [+]
Population 91.70 92.66 92.89 93.13 93.36 96.31 Million [+]
Living Wage Family 9424600.00 9600000 1000000 1000000 1000000 1800000 VND/Month [+]
Living Wage Individual 9159300.00 9680000 9740000 9820000 9940000 11192433 VND/Month [+]
Retirement Age Men 60.00 60 60 60 60 62 [+]
Retirement Age Women 55.00 55 55 55 55 58 [+]
Wages 4845.00 4897 5356 5097 5065 6100 VND Thousand/Month [+]
Wages High Skilled 12031200.00 12400000 12500000 12700000 13000000 15500000 VND/Month [+]
Wages In Manufacturing 4769.00 4900 5310 5110 5200 6410 VND Thousand/Month [+]
Youth Unemployment Rate 7.10 7.3 6.7 7 7.2 7.4 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 4.52 4.8 5.1 4.5 4.4 3 percent [+]
Consumer Price Index CPI 104.67 105 106 107 108 123 Index Points [+]
Core Inflation Rate 1.87 2.3 2.5 2.6 2.4 1.8 percent [+]
GDP Deflator 145.80 152 158 158 158 176 Index Points [+]
Export Prices 96.20 99 103 103 103 114 Index Points [+]
Import Prices 94.20 101 103 103 103 108 Index Points [+]
Cpi Transportation 83.93 85 87 89 91.5 105 Index Points [+]
Food Inflation 2.80 3.2 3 2.8 2.5 1.8 percent [+]
Inflation Rate Mom 0.48 0.6 0.5 0.3 0.5 0.2 percent [+]
Producer Prices 99.50 102 103 106 107 119 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 6.50 6.5 6.5 6 6 5 percent [+]
Interbank Rate 4.90 3.8 4 4.1 4 5.2 percent [+]
Money Supply M0 726559.00 812777 832498 852219 871941 1090299 VND Billion [+]
Money Supply M1 1456114.00 6260000 7410000 7410000 7410000 10000000 VND Billion [+]
Money Supply M2 6019609.00 6730000 6730000 6730000 5728040 11100000 VND Billion [+]
Foreign Exchange Reserves 28615.88 38832 41343 41436 41436 48901 USD Million [+]
Deposit Interest Rate 4.70 5 4.5 4.5 4.5 5.2 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -400.00 -186 0 -400 -200 -600 USD Million [+]
Exports 15600.00 15503 15700 15500 16000 19100 USD Million [+]
Imports 16000.00 15600 15700 15900 16200 19700 USD Million [+]
Current Account 2242.00 1110 1360 745 1320 2730 USD Million [+]
Current Account to GDP 1.30 0.3 -0.2 -0.2 -0.2 1 percent [+]
External Debt 21699.00 24000 27000 28000 28000 38000 USD Million [+]
Terms of Trade 102.16 98 102 102 102 106 Index Points [+]
Foreign Direct Investment 3530.00 5912 6843 5064 5100 8500 USD Million [+]
Capital Flows 2944.00 1354 1512 1745 1500 700 USD Million [+]
Crude Oil Production 312.00 337 338 340 314 360 BBL/D/1K [+]
Tourist Arrivals 926.60 890 920 800 920 1280 Thousand [+]
Terrorism Index 0.00 0 0 0 0 0.03 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 50.50 55 57 57 57 62 percent [+]
Government Budget -5.40 -5.7 -5.9 -5.9 -5.9 -5.3 percent of GDP [+]
Government Budget Value -190940.00 -220000 -310000 -310000 -310000 -230000 VND Billion [+]
Government Spending 265545.00 282445 285706 288968 292229 312671 VND Billion [+]
Government Revenues 996870.00 1080000 1170000 1170000 1170000 1570000 VND Billion [+]
Fiscal Expenditure 1187810.00 1300000 1480000 1480000 1480000 1800000 VND Billion [+]
Military Expenditure 4580.50 4519 4480 4440 4623 5513 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Manufacturing PMI 54.00 52 51.4 51.8 52.2 53 [+]
Industrial Production 7.20 7.9 9.1 9.5 8.3 6.9 percent [+]
Manufacturing Production 11.90 8.7 9.2 9.5 8.7 7.7 percent [+]
Changes in Inventories 126667.00 137000 144000 145200 145300 170133 VND Billion [+]
Car Registrations 24439.00 29100 33047 34520 34201 71461 Cars [+]
Competitiveness Index 4.31 4.3 4.3 4.4 4.4 4.7 Points [+]
Competitiveness Rank 60.00 62 65 65 65 70 [+]
Ease of Doing Business 82.00 82 78 78 78 60 [+]
Electricity Production 15500.00 15635 16384 17686 17230 25683 Gigawatt-hour [+]
Corruption Index 31.00 31 32 32 32 37 Points [+]
Corruption Rank 112.00 113 113 111 111 109 [+]
Mining Production -11.30 -2 -13.28 -3 -2.8 3.3 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Retail Sales Yoy 10.40 10.2 11 8.5 9.1 7.9 percent [+]
Consumer Spending 2849540.00 3094655 3154029 3213404 3272778 4001281 VND Billion [+]
Consumer Confidence 144.80 143 140 141 138 142 [+]
Gasoline Prices 0.74 0.73 0.72 0.7 0.7 0.62 USD/Liter [+]
Retail Sales Mom -2.40 8.39 -3 2.5 -2.9 6.9 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 20.00 22 22 22 20 22 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 26.00 26 26 26 26 26 percent [+]
Social Security Rate For Companies 18.00 18 18 18 18 18 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





Economic Forecasts for Vietnam including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Vietnam economy. 12/7/2016