Markets Actual Q3 Q4 Q1 Q2 2020
Currency 23205.00 23230 23230 23230 23230 23230
Stock Market (points) 981.03 964 952 941 930 908
Government Bond 10y (%) 4.32 4.43 4.46 4.49 4.51 4.57
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 6.71 5.9 6.6 5.7 6.1 6.4
Unemployment Rate (%) 2.16 2.2 2.3 2.4 2.4 2.4
Inflation Rate (%) 2.44 2.5 3.2 3 3.1 3.4
Interest Rate (%) 6.25 6 6 5.5 5.5 5.25
Balance of Trade (USD Million) 200.00 1000 -100 2000 2000 1600
Current Account (USD Million) -616.00 3030 2060 2500 1500 2730
Current Account to GDP (%) 3.00 2.6 2.6 1.8 1.8 1.8
Government Debt to GDP (%) 57.50 60 60 58 58 58
Government Budget (% of GDP) -3.70 -4.3 -4.3 -4.1 -4.1 -3.5
Manufacturing PMI 52.60 51.2 51 50.8 51.2 51
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 6.71 5.9 6.6 5.7 6.1 6.4
GDP (USD Billion) 244.95 255 255 269 269 269
GDP Constant Prices (VND Billion) 1565704.00 945044 3716977 719828 1661212 3954863
Gross National Product (VND Billion) 4764958.00 5046091 5069915 5036561 5055620 5394390
Gross Fixed Capital Formation (VND Billion) 1190474.59 1260713 1266665 1258332 1263094 1347732
GDP per capita (USD) 1964.50 1990 1990 2100 2100 2100
GDP per capita PPP (USD) 6608.60 6500 6500 6800 6800 6800
GDP From Agriculture (VND Billion) 228440.00 129672 532603 76380 242375 566690
GDP From Construction (VND Billion) 85798.00 60904 238830 36293 91032 254115
GDP From Manufacturing (VND Billion) 306157.00 178077 681143 146285 324833 724736
GDP From Mining (VND Billion) 89202.00 47144 221082 40356 94643 235231
GDP From Public Administration (VND Billion) 42753.00 23751 100245 19822 45361 106660
GDP From Services (VND Billion) 595903.00 378241 1441503 292703 632253 1533759
GDP From Transport (VND Billion) 46683.00 28269 108899 22890 49531 115869
GDP From Utilities (VND Billion) 9837.00 5697 21891 4635 10437 23292
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.16 2.2 2.3 2.4 2.4 2.4
Unemployed Persons (Million ) 1.10 1.1 1.1 1.1 1.2 1.3
Minimum Wages (VND Thousand/Month) 4180.00 4180 4180 4360 4360 4360
Population (Million) 94.67 97.1 96.4 97.3 97.3 97.3
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Wages (VND Thousand/Month) 5622.00 5800 6400 6400 6200 6600
Wages High Skilled (VND/Month) 10825600.00 12300000 12300000 12300000 12300000 12900000
Wages In Manufacturing (VND Thousand/Month) 5524.00 5500 6350 6340 6100 6550
Wages Low Skilled (VND/Month) 5372100.00 4927000 4927000 4927000 4927000 5207510
Youth Unemployment Rate (%) 6.40 7.1 7.3 7.4 7.2 6.5
Labor Force Participation Rate (%) 76.60 76.7 76.6 76.6 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 Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 2.44 2.5 3.2 3 3.1 3.4
Consumer Price Index CPI (Index Points) 112.61 114 114 115 116 118
Core Inflation Rate (%) 2.04 1.6 1.8 1.8 1.5 1.7
Producer Prices (Index Points ) 102.28 106 105 102 103 106
Inflation Rate Mom (%) 0.18 0.6 0.1 0.2 0.2 0.2
CPI Transportation (Index Points) 93.80 97.09 92.66 91.87 96.74 95.81
Food Inflation (%) 0.41 2.1 3.9 3.7 2.5 4
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 6.25 6 6 5.5 5.5 5.25
Interbank Rate (%) 3.98 4.23 4.23 3.73 3.41 3.73
Money Supply M2 (VND Billion) 8192548.00 8290000 8290000 9150000 9150000 9150000
Foreign Exchange Reserves (USD Million) 49497.31 59600 59600 60000 60000 60000
Deposit Interest Rate (%) 4.68 4.53 5 4.53 4.03 5.2
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 200.00 1000 -100 2000 2000 1600
Current Account (USD Million) -616.00 3030 2060 2500 1500 2730
Current Account to GDP (%) 3.00 2.6 2.6 1.8 1.8 1.8
Imports (USD Million) 22400.00 21900 21500 22700 21600 22700
Exports (USD Million) 22600.00 22900 21400 23600 22100 23700
External Debt (USD Million) 109178.60 115620 116166 115402 115838 123601
Foreign Direct Investment (USD Billion) 10.55 14.1 20.5 5 10.4 22.5
Tourist Arrivals (Thousand) 1315.80 1350 1450 1500 1300 1600
Crude Oil Production (BBL/D/1K) 233.00 254 260 260 260 280
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 57.50 60 60 58 58 58
Government Budget (% of GDP) -3.70 -4.3 -4.3 -4.1 -4.1 -3.5
Government Spending (VND Billion) 325803.97 345026 346655 344375 345678 368841
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Manufacturing PMI 52.60 51.2 51 50.8 51.2 51
Industrial Production (%) 9.70 8.3 7.7 7 8 6.9
Manufacturing Production (%) 10.40 11.1 9.2 9.5 11 7.7
Changes in Inventories (VND Billion) 140219.87 142700 142700 159000 159000 159000
Car Registrations 25828.00 24400 33600 30500 24000 31200
Mining Production (%) 4.40 -3.8 -2.8 2.5 0.8 3.3
Electricity Production (Gigawatt-hour) 21100.00 19700 19900 19900 20000 20500
Consumer Actual Q3 Q4 Q1 Q2 2020
Retail Sales Yoy (%) 12.40 11.5 10.1 9.5 10 10.6
Consumer Spending (VND Billion) 3405750.02 3606689 3623718 3599878 3613501 3855636
Retail Sales Mom (%) 1.50 0.8 2.8 2.5 0.8 2.3
Gasoline Prices (USD/Liter) 0.87 0.85 0.83 0.8 0.78 0.78
Consumer Confidence (Index Points) 129.00 120 114 116 120 115


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.