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 2.06 2.1 2.1 2.09 2.08 2.4 percent [+]
Inflation Rate 4.74 4.8 4.6 4.5 4.7 3.4 percent [+]
Interest Rate 6.50 6.5 6 6 6 5 percent [+]
Balance of Trade -494.00 0 -400 -200 0 -600 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 22572.00 23200 23500 23700 23900 27300 [+]
Stock Market 683.28 650 644 637 630 531 points [+]
Government Bond 10y 6.05 6.22 6.28 6.34 5.99 7.32 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 6.8 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 99000 297000 480000 714000 755000 VND Billion [+]
GDP From Construction 189170.00 45400 101000 158000 244000 269000 VND Billion [+]
GDP From Manufacturing 495283.00 13600 308000 470000 660000 800000 VND Billion [+]
GDP From Mining 230843.00 73500 143000 240000 400000 431000 VND Billion [+]
GDP From Public Administration 83928.00 125000 125000 128000 128000 145000 VND Billion [+]
GDP From Services 1178143.00 400000 960000 1400000 1960000 2220000 VND Billion [+]
GDP From Transport 87943.00 26369 52355 89437 122000 143000 VND Billion [+]
GDP From Utilities 17791.00 295000 295000 295000 295000 482000 VND Billion [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 2.06 2.1 2.1 2.09 2.08 2.4 percent [+]
Employed Persons 53.24 53.88 54.86 55.2 55.36 58.63 Million [+]
Unemployed Persons 1.12 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 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 5524 5276 5349 5501 6900 VND Thousand/Month [+]
Wages High Skilled 12031200.00 12500000 12700000 13000000 13100000 15500000 VND/Month [+]
Wages In Manufacturing 4769.00 5380 5120 5250 5260 6500 VND Thousand/Month [+]
Youth Unemployment Rate 7.10 6.7 7 7.2 7 7.4 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 4.74 4.8 4.6 4.5 4.7 3.4 percent [+]
Consumer Price Index CPI 104.74 106 107 108 110 123 Index Points [+]
Core Inflation Rate 1.87 2.5 2.6 2.4 2.5 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 84.54 87 89 91.5 95 105 Index Points [+]
Food Inflation 2.87 3 2.8 2.5 2.7 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 6 6 5 percent [+]
Interbank Rate 5.28 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 -494.00 0 -400 -200 0 -600 USD Million [+]
Exports 16600.00 15700 15500 16000 16900 19100 USD Million [+]
Imports 17100.00 15700 15900 16200 16900 19700 USD Million [+]
Current Account 3499.00 1360 745 1320 1850 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 3530.00 6843 5064 5100 6200 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 897.30 920 800 920 970 1280 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 4440 4623 5513 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Manufacturing PMI 52.40 51.4 51.8 52.2 52.4 53 [+]
Industrial Production 8.30 9.1 9.5 8.3 8.6 6.9 percent [+]
Manufacturing Production 12.90 9.2 9.5 8.7 10.5 7.7 percent [+]
Changes in Inventories 126667.00 144000 145200 145300 136020 170133 VND Billion [+]
Car Registrations 26295.00 33047 34520 34201 37500 71461 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 14800.00 16384 17686 17230 17683 25683 Gigawatt-hour [+]
Corruption Index 31.00 31 32 32 32 37 Points [+]
Corruption Rank 112.00 113 113 111 111 109 [+]
Mining Production -7.40 -8.46 -3 -2.8 1 3.3 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales Yoy 9.80 11 8.5 9.1 10.5 7.9 percent [+]
Consumer Spending 2849540.00 2903293 2967080 3030868 3094655 4001281 VND Billion [+]
Consumer Confidence 144.80 140 141 138 139 142 [+]
Gasoline Prices 0.77 0.79 0.77 0.75 0.69 0.62 USD/Liter [+]
Retail Sales Mom 6.90 -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. 1/19/2017