Markets Actual Q1 Q2 Q3 Q4 2022
Currency 23015.00 23010 23010 23010 23010 23010
Stock Market (points) 1168.47 1138 1116 1094 1073 1031
Government Bond 10y (%) 2.31 2.34 2.36 2.39 2.42 2.48

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 4.48 5.8 8.5 4.5 6.5 6.5
Unemployment Rate (%) 2.37 2.5 3 3.1 3.2 3.3
Inflation Rate (%) -0.97 -0.2 1.5 1.7 2 4
Interest Rate (%) 4.00 4 4 4 4.25 4.75
Balance of Trade (USD Billion) 2.09 1600 1 2.1 1600 1600
Current Account (USD Million) 8368.00 2700 2500 2650 2650 2730
Current Account to GDP (%) 5.00 1 1 1 1 1.5
Government Debt to GDP (%) 57.50 67 67 67 67 65
Government Budget (% of GDP) -4.40 -7 -7 -7 -7 -5
Manufacturing PMI (points) 51.30 50 51 52 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 2022
GDP Annual Growth Rate (%) 4.48 5.8 8.5 4.5 6.5 6.5
GDP (USD Billion) 261.92 290 290 250 290 310
GDP Constant Prices (VND Billion) 3847182.00 748242 1729642 2694123 4097249 4363570
Gross National Product (VND Billion) 5686985.00 6016830 6170379 5942899 6056639 6450321
Gross Fixed Capital Formation (VND Billion) 1462994.00 1547848 1587348 1528829 1558089 1659364
GDP per capita (USD) 2082.20 2030 2030 2030 2030 2070
GDP per capita PPP (USD) 8041.20 7800 7800 7800 7800 8200
GDP From Agriculture (VND Billion) 524326.00 76606 250548 375965 558407 594704
GDP From Construction (VND Billion) 261445.00 37916 97280 163402 278439 296537
GDP From Manufacturing (VND Billion) 753940.00 155688 348657 542321 802946 855138
GDP From Mining (VND Billion) 198636.00 39978 91558 133044 211547 225298
GDP From Public Administration (VND Billion) 104277.00 20811 49160 73004 111055 118274
GDP From Services (VND Billion) 1487626.00 302550 650257 1035833 1584322 1687303
GDP From Transport (VND Billion) 109583.00 22721 49132 76062 116706 124292
GDP From Utilities (VND Billion) 23384.00 4960 11075 17231 24904 26523

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 2.37 2.5 3 3.1 3.2 3.3
Employed Persons (Million ) 53.15 53.5 54 54 54 55
Unemployed Persons (Million ) 1.10 1.7 1.7 1.3 1.3 1.2
Minimum Wages (VND Thousand/Month) 4420.00 4420 4420 4420 4420 4650
Population (Million) 96.48 98.7 98.7 98.7 98.7 99.7
Labor Force Participation Rate (%) 76.60 76 76.6 77 77 77.8
Wages (VND Thousand/Month) 6340.00 7400 6500 6890 7150 7340
Wages In Manufacturing (VND Thousand/Month) 6154.00 7300 6320 6890 6950 7250
Youth Unemployment Rate (%) 6.98 7.5 7.2 7.2 7 7
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.97 -0.2 1.5 1.7 2 4
Consumer Price Index CPI (points) 103.27 103 104 105 106 110
Core Inflation Rate (%) 0.49 1.8 2.1 2.2 2 2
GDP Deflator (points) 161.49 161 164 164 165 171
Export Prices (points) 108.40 100 100 107 107 110
Import Prices (points) 106.80 105 105 108 108 110
Inflation Rate Mom (%) 0.06 0.3 0.3 0.3 0.3 0.3
CPI Transportation (points) 93.73 86.68 78.75 91.46 83.78 87.13
Food Inflation (%) 6.10 3.5 2.3 2.5 3 3
Producer Prices (points) 99.22 100 105 102 104 104

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 4.00 4 4 4 4.25 4.75
Money Supply M0 (VND Billion) 1198095.00 1418723 1418723 1418723 1418723 1528454
Money Supply M1 (VND Billion) 2456665.00 2908079 2908079 2908079 2908079 3072013
Interbank Rate (%) 1.56 3.73 1.55 1.55 3.48 3.48
Money Supply M2 (VND Billion) 10573725.00 13044221 13044221 13044221 13044221 14315724
Foreign Exchange Reserves (USD Million) 88351.20 102668 108206 113745 119284 137747
Deposit Interest Rate (%) 4.78 5.2 4.48 4.48 4.48 4.73

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Billion) 2.09 1600 1 2.1 1600 1600
Current Account (USD Million) 8368.00 2700 2500 2650 2650 2730
Current Account to GDP (%) 5.00 1 1 1 1 1.5
Imports (USD Billion) 26.46 21.6 20.4 19.9 21.5 23.6
Exports (USD Billion) 28.55 22.6 22.5 22.4 22.6 25.4
External Debt (USD Million) 108118.10 130000 130000 130000 130000 110000
Foreign Direct Investment (USD Billion) 2.50 4 10 15 22 25
Capital Flows (USD Million) 309.00 1700 2100 2000 1500 1500
Crude Oil Production (BBL/D/1K) 186.00 210 220 250 250 250
Tourist Arrivals (Thousand) 17.74 550 990 1000 1000 1100

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 57.50 67 67 67 67 65
Government Budget (% of GDP) -4.40 -7 -7 -7 -7 -5
Government Budget Value (VND Billion) -203441.00 -241029 -241029 -241029 -241029 -259474
Government Spending (VND Billion) 390051.00 412674 423205 407603 415404 442406
Government Revenues (VND Billion) 1551074.00 1700746 1700746 1700746 1700746 1804401
Fiscal Expenditure (VND Billion) 1754515.00 1994895 1994895 1994895 1994895 2118237
Military Expenditure (USD Million) 5451.00 5500 5500 5500 5500 5600

Taxes Actual Q1 Q2 Q3 Q4 2022
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 (%) 32.00 32 32 32 32 32
Social Security Rate For Companies (%) 21.50 21.5 21.5 21.5 21.5 21.5
Social Security Rate For Employees (%) 10.50 10.5 10.5 10.5 10.5 10.5

Business Actual Q1 Q2 Q3 Q4 2022
Manufacturing PMI (points) 51.30 50 51 52 51 53
Industrial Production (%) 22.20 5.5 7.5 6.5 6.5 6.9
Manufacturing Production (%) 4.70 9.5 11 9.5 9.8 8.7
Changes in Inventories (VND Billion) 157662.00 145500 145500 159000 159000 160000
Car Registrations 24216.00 21000 23000 27000 27000 32500
Electricity Production (Gigawatt-hour) 19600.00 20500 20500 21000 21500 21500
Mining Production (%) -5.20 1.5 6.5 4.5 3.5 4

Consumer Actual Q1 Q2 Q3 Q4 2022
Retail Sales Yoy (%) 6.40 2 6.5 7.7 7.7 10.6
Consumer Spending (VND Billion) 4115186.00 4353867 4464977 4300369 4382673 4667547
Consumer Confidence (points) 117.00 117 121 123 120 120
Gasoline Prices (USD/Liter) 0.74 0.67 0.64 0.61 0.58 0.55
Retail Sales Mom (%) 5.40 2.8 3.5 0.5 0.5 2.3


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.