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.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 2.20 2.2 2.3 2.4 2.3 2.4 percent
Inflation Rate 3.89 4 3.9 3.7 4 3.5 percent
Interest Rate 6.25 6.25 6.25 6 6 5.5 percent
Balance of Trade 100.00 -600 -1600 -355 -470 1600 USD Million
Government Debt to GDP 61.50 61 60 60 60 58 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 23306.00
23325 23325 23325 23325 23325
Stock Market 898.19
points
995 977 960 943 877
Government Bond 10y 5.16
percent
5.1 5.17 5.25 5.32 5.63
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.88
percent
6.9 6.4 6.1 7.1 5.2
GDP 223.86
USD Billion
242 255 255 255 269
GDP Constant Prices 892393.00
VND Billion
3412625 678028 1556445 955753 3830617
Gross National Product 4764958.00
VND Billion
4984146 5069915 5055620 5103270 5594624
Gross Fixed Capital Formation 1190474.59
VND Billion
1245236 1266665 1263094 1274998 1397758
GDP per capita 1834.65
USD
1910 1990 1990 1990 2100
GDP per capita PPP 6171.88
USD
6256 6500 6500 6500 6800
GDP From Agriculture 122448.00
VND Billion
504608 74740 237114 131142 566415
GDP From Construction 57511.00
VND Billion
215087 34458 84406 61594 241432
GDP From Manufacturing 168156.00
VND Billion
592668 130212 292557 180095 665260
GDP From Mining 44517.00
VND Billion
224318 41298 93007 47678 251793
GDP From Public Administration 22428.00
VND Billion
94215 19897 44744 24020 105755
GDP From Services 357168.00
VND Billion
1324048 276807 592683 382527 1486222
GDP From Transport 26694.00
VND Billion
99264 21379 45855 28589 111423
GDP From Utilities 5380.00
VND Billion
20222 4361 9742 5762 22699
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 2.20
percent
2.2 2.3 2.4 2.3 2.4
Employed Persons 54.10
Million
54.3 54.6 54.7 54.9 55.6
Unemployed Persons 1.11
Million
1.2 1.1 1 1.1 1.3
Minimum Wages 3980.00
VND Thousand/Month
3980 4210 4210 4210 4450
Population 95.50
Million
96.4 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 5066.00
VND Thousand/Month
5460 6200 5900 5800 6900
Wages High Skilled 10825600.00
VND/Month
12100000 12300000 12300000 12300000 12900000
Wages In Manufacturing 4999.00
VND Thousand/Month
5820 6100 5900 5500 6750
Wages Low Skilled 5372100.00
VND/Month
4901300 4927000 4927000 4927000 5207510
Youth Unemployment Rate 7.29
percent
7.9 8.1 8.4 7.07 8.5
Labor Force Participation Rate 76.90
percent
77.4 77.1 76.9 76.7 77.8
Living Wage Family 7763600.00
VND/Month
7500000 7580000 7580000 7580000 7800000
Living Wage Individual 4752300.00
VND/Month
4150000 4220000 4220000 4220000 4300000
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.89
percent
4 3.9 3.7 4 3.5
Consumer Price Index CPI 111.45
Index Points
112 113 114 116 121
Core Inflation Rate 1.67
percent
1.6 1.4 1.3 1.6 1.7
GDP Deflator 153.44
Index Points
158 165 165 165 172
Export Prices 121.20
Index Points
108 100 100 100 107
Import Prices 120.60
Index Points
103 106 106 106 108
Producer Prices 103.91
Index Points
119 109 109 109 132
Inflation Rate Mom 0.33
percent
0.2 -0.1 0.4 0.6 0.2
CPI Transportation 96.19
Index Points
93.18 94.24 97.81 98.51 100
Food Inflation 3.28
percent
4.9 4.5 4.4 4.1 4
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 6.25
percent
6.25 6.25 6 6 5.5
Interbank Rate 5.02
percent
4.94 4.94 4.69 4.69 4.19
Money Supply M0 977907.00
VND Billion
870000 885000 885000 885000 925000
Money Supply M1 1982009.00
VND Billion
1780000 2250000 2250000 2250000 2550000
Money Supply M2 8192548.00
VND Billion
7770000 8290000 8290000 8290000 9150000
Foreign Exchange Reserves 49497.31
USD Million
53000 59600 59600 59600 60000
Deposit Interest Rate 4.78
percent
4.78 4.78 4.53 4.53 4.03
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 100.00
USD Million
-600 -1600 -355 -470 1600
Exports 20800.00
USD Million
20200 19400 19245 19200 24300
Imports 20700.00
USD Million
20800 21000 19600 19670 22700
Current Account 1244.00
USD Million
1800 1720 2700 3030 2730
Current Account to GDP 2.90
percent
2.2 2 2 2 1.3
External Debt 91207.60
USD Million
95400 101500 101500 101500 121500
Terms of Trade 100.50
Index Points
104 94.62 94.62 94.62 99.07
Foreign Direct Investment 15.10
USD Billion
19.1 4.5 9.5 14.1 22.5
Tourist Arrivals 1205.20
Thousand
1285 1200 1450 1350 1470
Terrorism Index 0.00
0 0 0 0 0
Capital Flows 2295.00
USD Million
1280 3700 4340 1500 700
Crude Oil Production 241.00
BBL/D/1K
259 257 255 254 280
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 61.50
percent
61 60 60 60 58
Government Budget -3.50
percent of GDP
-3.4 -3.2 -3.2 -3.2 -3.5
Government Budget Value -174300.00
VND Billion
-290000 -160000 -160000 -160000 -230000
Government Spending 325803.97
VND Billion
340791 346655 345678 348936 382532
Government Revenues 1288665.00
VND Billion
1300000 1370000 1370000 1370000 1450000
Fiscal Expenditure 1462965.00
VND Billion
1490000 1530000 1530000 1530000 1570000
Military Expenditure 4961.80
USD Million
5250 5500 5500 5500 5800
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Manufacturing PMI 53.90
54.7 54.4 52.3 51.2 53
Industrial Production 7.70
percent
8.1 8.4 9.1 8.3 6.9
Manufacturing Production 16.00
percent
8.9 14.7 12.9 11.1 7.7
Changes in Inventories 140219.87
VND Billion
137000 142700 142700 142700 159000
Car Registrations 28041.00
20500 21600 23500 24400 27200
Internet Speed 9503.83
KBps
11500 12400 12900 13200 15500
IP Addresses 8616202.00
IP
8645000 8570000 8620000 8690000 8740000
Mining Production 2.40
percent
-1.8 -2.6 -3.1 -3.8 3.3
Competitiveness Index 58.05
Points
59.05 59.05 59.05 59.05 64.05
Competitiveness Rank 77.00
77 77 77 77 77
Ease of Doing Business 69.00
67 65 65 65 66
Electricity Production 18000.00
Gigawatt-hour
18850 19000 19200 19700 20500
Corruption Index 35.00
Points
35 35 35 35 35
Corruption Rank 107.00
107 107 107 107 107
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales Yoy 12.40
percent
9.3 8.8 10.9 11.5 10.6
Consumer Spending 3405750.02
VND Billion
3562415 3623718 3613501 3647558 3998753
Retail Sales Mom -1.50
percent
3.1 2.2 1.4 0.8 2.3
Gasoline Prices 0.89
USD/Liter
0.88 0.86 0.84 0.83 0.77
Consumer Confidence 120.00
Index Points
122 123 124 124 115
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 20.00
percent
20 20 20 20 20
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 26.00
percent
26 26 26 26 26
Social Security Rate For Companies 18.00
percent
18 18 18 18 18
Social Security Rate For Employees 8.00
percent
8 8 8 8 8
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 22.08
celsius
21.9 20.47 24.92 24.28 24.28
Precipitation 93.32
mm
149 33.91 159 154 155



Vietnam - Economic Forecasts - 2018-2020 Outlook