Markets Actual Q1 Q2 Q3 Q4 2020
Currency 23198.00 23205 23205 23205 23205 23205
Stock Market (points) 906.55 875 859 843 827 797
Government Bond 10y (%) 4.93 5.24 5.32 5.39 5.47 5.62
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 7.31 6.4 6.1 5.9 6 5.2
Unemployment Rate (%) 2.19 2.3 2.4 2.3 2.2 2.4
Inflation Rate (%) 2.98 2.5 2.2 2.4 2.3 2.6
Interest Rate (%) 6.25 6.25 6 6 6 5.5
Balance of Trade (USD Million) -811.00 -1600 -355 -470 900 -1400
Current Account (USD Million) 1244.00 1720 2700 3030 2060 2730
Current Account to GDP (%) 2.90 2 2 2 2 1.3
Government Debt to GDP (%) 61.50 60 60 60 60 58
Government Budget (% of GDP) -3.50 -3.2 -3.2 -3.2 -3.2 -3.5
Manufacturing PMI 53.80 54.4 52.3 51.2 51 53
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 7.31 6.4 6.1 5.9 6 5.2
GDP (USD Billion) 223.86 255 255 255 255 269
GDP Constant Prices (VND Billion) 3493399.00 657636 1511702 924073 932256 980734
Gross National Product (VND Billion) 4764958.00 4917437 4910289 4934114 4977809 5236655
Gross Fixed Capital Formation (VND Billion) 1190474.59 1228570 1226784 1232736 1243653 1308323
GDP per capita (USD) 1834.65 1990 1990 1990 1990 2100
GDP per capita PPP (USD) 6171.88 6500 6500 6500 6500 6800
GDP From Agriculture (VND Billion) 500567.00 72492 230298 126795 127918 134569
GDP From Construction (VND Billion) 224464.00 34458 84406 61594 61364 64555
GDP From Manufacturing (VND Billion) 640172.00 126296 284147 174126 175668 184802
GDP From Mining (VND Billion) 207784.00 41298 93007 47678 47500 49970
GDP From Public Administration (VND Billion) 94215.00 19897 44744 24020 23931 25175
GDP From Services (VND Billion) 1354796.00 268482 575646 369847 373123 392525
GDP From Transport (VND Billion) 102349.00 20736 44537 27642 27886 29337
GDP From Utilities (VND Billion) 20574.00 4230 9462 5571 5620 5913
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.19 2.3 2.4 2.3 2.2 2.4
Employed Persons (Million ) 54.00 54.6 54.7 54.9 55 55.6
Unemployed Persons (Million ) 1.11 1.1 1 1.1 1.1 1.3
Minimum Wages (VND Thousand/Month) 4180.00 4180 4180 4180 4180 4360
Population (Million) 95.50 97.1 97.1 97.1 97.1 98.4
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Wages (VND Thousand/Month) 5433.00 6200 5900 5800 6400 6900
Wages High Skilled (VND/Month) 10825600.00 12300000 12300000 12300000 12300000 12900000
Wages In Manufacturing (VND Thousand/Month) 5527.00 6100 5900 5500 6350 6750
Wages Low Skilled (VND/Month) 5372100.00 4927000 4927000 4927000 4927000 5207510
Youth Unemployment Rate (%) 7.29 8.1 8.4 7.07 8.2 8.5
Labor Force Participation Rate (%) 76.70 77.1 76.9 76.7 76.6 77.8
Living Wage Family (VND/Month) 7763600.00 7580000 7580000 7580000 7580000 7800000
Living Wage Individual (VND/Month) 4752300.00 4220000 4220000 4220000 4220000 4300000
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.98 2.5 2.2 2.4 2.3 2.6
Consumer Price Index CPI (Index Points) 110.85 113 114 116 115 119
Core Inflation Rate (%) 1.70 1.4 1.3 1.6 1.8 1.7
GDP Deflator (Index Points) 153.44 165 165 165 165 172
Export Prices (Index Points) 121.20 100 100 100 100 107
Import Prices (Index Points) 120.60 106 106 106 106 108
Producer Prices (Index Points ) 102.80 109 109 109 125 132
Inflation Rate Mom (%) -0.25 -0.1 0.4 0.6 0.1 0.2
CPI Transportation (Index Points) 89.79 94.24 97.81 98.51 93.44 96.71
Food Inflation (%) 2.01 4.5 4.4 4.1 3.9 4
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 6.25 6.25 6 6 6 5.5
Money Supply M0 (VND Billion) 977907.00 885000 885000 885000 885000 925000
Money Supply M1 (VND Billion) 1982009.00 2250000 2250000 2250000 2250000 2550000
Interbank Rate (%) 5.28 5.3 5.05 5.05 5.05 5.05
Money Supply M2 (VND Billion) 8192548.00 8290000 8290000 8290000 8290000 9150000
Foreign Exchange Reserves (USD Million) 49497.31 59600 59600 59600 59600 60000
Deposit Interest Rate (%) 4.78 4.78 4.53 4.53 5 5.2
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -811.00 -1600 -355 -470 900 -1400
Current Account (USD Million) 1244.00 1720 2700 3030 2060 2730
Current Account to GDP (%) 2.90 2 2 2 2 1.3
Imports (USD Million) 20450.00 21000 19600 19670 21500 22700
Exports (USD Million) 19640.00 19400 19245 19200 22400 24300
External Debt (USD Million) 86952.00 101500 101500 101500 101500 121500
Terms of Trade (Index Points) 100.50 94.62 94.62 94.62 94.62 99.07
Foreign Direct Investment (USD Billion) 19.10 4.5 9.5 14.1 20.5 22.5
Tourist Arrivals (Thousand) 1374.20 1200 1450 1350 1300 1470
Capital Flows (USD Million) 2295.00 3700 4340 1500 -100 700
Crude Oil Production (BBL/D/1K) 239.00 257 255 254 260 280
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 61.50 60 60 60 60 58
Government Budget (% of GDP) -3.50 -3.2 -3.2 -3.2 -3.2 -3.5
Government Budget Value (VND Billion) -174300.00 -160000 -160000 -160000 -160000 -120000
Government Spending (VND Billion) 325803.97 346655 345678 348936 347633 365710
Government Revenues (VND Billion) 1288665.00 1370000 1370000 1370000 1370000 1450000
Fiscal Expenditure (VND Billion) 1462965.00 1530000 1530000 1530000 1530000 1570000
Military Expenditure (USD Million) 4961.80 5500 5500 5500 5500 5800
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate For Companies (%) 18.00 18 18 18 18 18
Social Security Rate For Employees (%) 8.00 8 8 8 8 8
Business Actual Q1 Q2 Q3 Q4 2020
Manufacturing PMI 53.80 54.4 52.3 51.2 51 53
Industrial Production (%) 11.40 8.4 9.1 8.3 7.7 6.9
Manufacturing Production (%) 13.70 14.7 12.9 11.1 9.2 7.7
Changes in Inventories (VND Billion) 140219.87 142700 142700 142700 142700 159000
Car Registrations 32511.00 21600 23500 24400 25600 27200
Mining Production (%) -3.20 -2.6 -3.1 -3.8 -2.8 3.3
Electricity Production (Gigawatt-hour) 18000.00 19000 19200 19700 19900 20500
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales Yoy (%) 12.70 8.8 10.9 11.5 10.1 10.6
Consumer Spending (VND Billion) 3405750.02 3514734 3509625 3526654 3557885 3742895
Retail Sales Mom (%) 0.80 2.2 1.4 0.8 2.8 2.3
Gasoline Prices (USD/Liter) 0.72 0.68 0.66 0.65 0.63 0.63
Consumer Confidence (Index Points) 129.00 123 124 124 124 115


This page has 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.