Vietnam | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 6.68 6.5 6.6 6.2 6.4 6.2 percent [+]
Unemployment Rate 2.14 2.1 2.2 2.3 2.2 2.6 percent [+]
Inflation Rate 5.02 4.8 4.6 4.5 4.7 3.4 percent [+]
Interest Rate 6.50 6.5 6.5 6.5 6.5 5.5 percent [+]
Balance of Trade -2000.00 380 -750 -120 -2150 -2400 USD Million [+]
Government Debt to GDP 50.50 57 57 57 57 62 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 22785.00 23018 23246 23474 23930 27348 [+]
Stock Market 722.14 702 695 688 674 568 points [+]
Government Bond 10y 5.83 5.94 6 6.06 6.12 7.06 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 6.68 6.5 6.6 6.2 6.4 6.2 percent [+]
GDP Annual Growth Rate 6.68 6.5 6.6 6.5 6.6 6.3 percent [+]
GDP 193.60 217 217 217 217 260 USD Billion [+]
GDP Constant Prices 3054470.00 600000 1380000 2198000 3240000 3880000 VND Billion [+]
Gross National Product 3977610.00 4021066 4106062 4191058 4276054 5106130 VND Billion [+]
Gross Fixed Capital Formation 1033780.00 1489888 1489888 1489888 1489888 2284610 VND Billion [+]
GDP per capita 1684.87 1696 1721 1747 1773 2130 USD [+]
GDP per capita PPP 5668.00 5716 5784 5851 5919 7025 USD [+]
GDP From Agriculture 468813.00 65700 211000 330000 471000 477000 VND Billion [+]
GDP From Construction 189170.00 32300 71100 122000 198200 226000 VND Billion [+]
GDP From Manufacturing 495283.00 107200 228000 357000 502000 547000 VND Billion [+]
GDP From Mining 230843.00 45500 98000 148000 237000 454000 VND Billion [+]
GDP From Public Administration 83928.00 17500 39200 59100 85400 95600 VND Billion [+]
GDP From Services 1178143.00 244000 501000 812000 1300000 1820000 VND Billion [+]
GDP From Transport 87943.00 18200 38300 61400 88300 91500 VND Billion [+]
GDP From Utilities 17791.00 3900 8600 13100 18300 20300 VND Billion [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 2.14 2.1 2.2 2.3 2.2 2.6 percent [+]
Employed Persons 53.27 53.13 54.86 55.2 55.36 58.63 Million [+]
Unemployed Persons 1.16 1.1 1.1 1.1 1.2 1.4 Million [+]
Minimum Wages 3750.00 3750 3750 3750 3750 4700 VND Thousand/Month [+]
Population 92.70 92.92 93.17 93.42 93.67 96.53 Million [+]
Living Wage Family 5790475.00 5800500 5810000 5810000 5812000 5847000 VND/Month [+]
Living Wage Individual 4011373.00 4024000 4025000 4028000 4028000 4059000 VND/Month [+]
Retirement Age Men 60.00 60 60 60 60 62 [+]
Retirement Age Women 55.00 55 55 55 55 58 [+]
Wages 4933.00 5524 5276 5349 5501 6900 VND Thousand/Month [+]
Wages High Skilled 12031200.00 12500000 12700000 13000000 13100000 15500000 VND/Month [+]
Wages In Manufacturing 4807.00 5380 5120 5250 5260 6500 VND Thousand/Month [+]
Youth Unemployment Rate 7.86 6.9 7.3 8 7.7 7.8 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 5.02 4.8 4.6 4.5 4.7 3.4 percent [+]
Consumer Price Index CPI 105.02 106 107 108 110 123 Index Points [+]
Core Inflation Rate 1.50 1.9 2.1 2.3 2.2 1.8 percent [+]
GDP Deflator 145.80 158 158 158 158 176 Index Points [+]
Export Prices 96.20 103 103 103 105 114 Index Points [+]
Import Prices 94.20 103 103 103 101 108 Index Points [+]
Cpi Transportation 87.75 88.3 89.1 91.5 93 105 Index Points [+]
Food Inflation 0.50 1 1.3 1.9 2.1 1.8 percent [+]
Inflation Rate Mom 0.23 0.5 0.3 0.5 0.4 0.2 percent [+]
Producer Prices 100.87 103 106 107 109 119 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 6.50 6.5 6.5 6.5 6.5 5.5 percent [+]
Interbank Rate 5.04 4 4.1 4 4.5 5.2 percent [+]
Money Supply M0 726559.00 753257 773097 792937 812777 1090299 VND Billion [+]
Money Supply M1 1456114.00 7410000 7410000 7410000 7410000 10000000 VND Billion [+]
Money Supply M2 6019609.00 6730000 6730000 5653855 7400000 11100000 VND Billion [+]
Foreign Exchange Reserves 28615.88 41343 41436 41436 41436 48901 USD Million [+]
Deposit Interest Rate 4.70 4.5 4.5 4.5 4.5 5.2 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -2000.00 380 -750 -120 -2150 -2400 USD Million [+]
Exports 13100.00 17100 16200 16500 17300 22300 USD Million [+]
Imports 15100.00 16720 16950 16620 19450 24700 USD Million [+]
Current Account 3499.00 2360 2045 3100 2350 2730 USD Million [+]
Current Account to GDP 1.30 -0.2 -0.2 -0.2 -0.2 1 percent [+]
External Debt 21699.00 27000 28000 28000 28000 38000 USD Million [+]
Terms of Trade 102.16 102 102 102 102 106 Index Points [+]
Foreign Direct Investment 4017.70 2843 5064 4100 5200 8500 USD Million [+]
Capital Flows 1366.00 1512 1745 1500 -254 700 USD Million [+]
Crude Oil Production 312.00 338 340 314 314 360 BBL/D/1K [+]
Tourist Arrivals 1199.40 1030 900 920 1080 1570 Thousand [+]
Terrorism Index 0.00 0 0 0 0 0.03 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 50.50 57 57 57 57 62 percent [+]
Government Budget -5.40 -5.9 -5.9 -5.9 -5.9 -5.3 percent of GDP [+]
Government Budget Value -190940.00 -310000 -310000 -310000 -310000 -230000 VND Billion [+]
Government Spending 265545.00 271932 275436 278940 282445 312671 VND Billion [+]
Government Revenues 996870.00 1170000 1170000 1170000 1170000 1570000 VND Billion [+]
Fiscal Expenditure 1187810.00 1480000 1480000 1480000 1480000 1800000 VND Billion [+]
Military Expenditure 4580.50 4519 4480 4623 4623 5513 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Manufacturing PMI 54.20 53.8 52.1 53.4 52.4 53 [+]
Industrial Production 15.20 11.4 9.1 8.3 8.6 6.9 percent [+]
Manufacturing Production 22.40 25 21 15.7 10.5 7.7 percent [+]
Changes in Inventories 126667.00 144000 145200 145300 136020 170133 VND Billion [+]
Car Registrations 17156.00 30047 30520 31201 31500 55461 Cars [+]
Competitiveness Index 4.31 4.3 4.4 4.4 4.4 4.7 Points [+]
Competitiveness Rank 60.00 65 65 65 65 70 [+]
Ease of Doing Business 82.00 78 78 78 73 60 [+]
Electricity Production 13100.00 16384 17686 17230 17700 25500 Gigawatt-hour [+]
Corruption Index 33.00 32 32 33 32 37 Points [+]
Corruption Rank 113.00 113 111 111 111 109 [+]
Mining Production -8.60 -7.3 -6.7 1.1 1.5 3.3 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales Yoy 7.20 6.4 6.3 4.7 8.4 7.9 percent [+]
Consumer Spending 2849540.00 2903293 2967080 3030868 3094655 4001281 VND Billion [+]
Consumer Confidence 112.00 108 105 103 109 110 [+]
Gasoline Prices 0.79 0.79 0.77 0.75 0.69 0.62 USD/Liter [+]
Retail Sales Mom -6.20 -3 2.5 -2.9 1.7 6.9 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 20.00 22 22 20 22 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. 3/25/2017