Vietnam | Economic Forecasts | 2017-2020 Outlook

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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 5.10 5.6 6.3 6.6 6.1 6.3 percent [+]
Unemployment Rate 2.09 2.15 2.2 2.2 2.3 2.6 percent [+]
Inflation Rate 3.19 3.3 3.4 3.7 3.9 3.4 percent [+]
Interest Rate 6.50 6.5 6.5 6.5 6.5 5.5 percent [+]
Balance of Trade -528.00 -750 1380 -1150 -600 -1400 USD Million [+]
Government Debt to GDP 62.40 57 57 57 58 62 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 22710.00 22900 23100 23800 23600 27200 [+]
Stock Market 767.51 753 746 723 730 609 points [+]
Government Bond 10y 5.65 5.89 5.95 6 6.06 7 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 5.10 5.6 6.3 6.6 6.1 6.3 percent [+]
GDP Annual Growth Rate 5.10 5.6 6.3 6.6 6.1 6.3 percent [+]
GDP 193.60 217 217 217 230 260 USD Billion [+]
GDP Constant Prices 593170.00 1365000 2194000 3247000 626400 3880000 VND Billion [+]
Gross National Product 3977610.00 4106062 4191058 4276054 4711858 5106130 VND Billion [+]
Gross Fixed Capital Formation 1033780.00 1489888 1489888 1489888 1758068 2284610 VND Billion [+]
GDP per capita 1684.87 1699 1722 1746 1754 1880 USD [+]
GDP per capita PPP 5668.00 5434 5512 5589 5509 4720 USD [+]
GDP From Agriculture 67473.00 215000 333000 485000 67500 501000 VND Billion [+]
GDP From Construction 29717.00 71100 122000 198200 35800 226000 VND Billion [+]
GDP From Manufacturing 107473.00 228000 357000 511000 119400 547000 VND Billion [+]
GDP From Mining 38660.00 97000 145500 232000 39500 243000 VND Billion [+]
GDP From Public Administration 17539.00 39200 59100 85400 19300 95600 VND Billion [+]
GDP From Services 244194.00 501000 812000 1300000 260000 1820000 VND Billion [+]
GDP From Transport 18576.00 38300 61400 88300 20000 91500 VND Billion [+]
GDP From Utilities 3873.00 8600 13100 18300 4200 20300 VND Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.09 2.15 2.2 2.2 2.3 2.6 percent [+]
Employed Persons 53.36 53.5 53.7 53.8 53.6 55.6 Million [+]
Unemployed Persons 1.14 1.15 1.16 1.27 1.3 1.5 Million [+]
Minimum Wages 3750.00 3750 3750 3750 4050 4700 VND Thousand/Month [+]
Population 92.70 93.17 93.42 93.67 93.91 96.53 Million [+]
Labor Force Participation Rate 76.60 76.5 76.4 76.9 76.9 77.8 percent [+]
Living Wage Family 5790475.00 5810000 5810000 5812000 5821000 5847000 VND/Month [+]
Living Wage Individual 4011373.00 4025000 4028000 4028000 4039000 4059000 VND/Month [+]
Retirement Age Men 60.00 60 60 60 60 62 [+]
Retirement Age Women 55.00 55 55 55 55 58 [+]
Wages 5507.00 5180 5300 5500 5900 6900 VND Thousand/Month [+]
Wages High Skilled 12031200.00 12700000 13000000 13100000 13100000 15500000 VND/Month [+]
Wages In Manufacturing 5428.00 5120 5250 5460 5900 6600 VND Thousand/Month [+]
Youth Unemployment Rate 7.29 7.9 8 7.7 7.4 8.5 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 3.19 3.3 3.4 3.7 3.9 3.4 percent [+]
Consumer Price Index CPI 105.30 106 107 109 110 123 Index Points [+]
Core Inflation Rate 1.33 1.5 1.8 2.1 2.4 1.8 percent [+]
GDP Deflator 145.80 158 158 158 165 176 Index Points [+]
Export Prices 96.20 105 105 105 108 114 Index Points [+]
Import Prices 94.20 103 103 103 104 108 Index Points [+]
Cpi Transportation 86.57 89.1 91.5 93 95 105 Index Points [+]
Food Inflation -2.32 -1.1 0.9 1.5 1.7 1.8 percent [+]
Inflation Rate Mom 0.53 0.3 0.5 0.4 0.34 0.2 percent [+]
Producer Prices 101.96 106 107 109 111 132 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 6.50 6.5 6.5 6.5 6.5 5.5 percent [+]
Interbank Rate 4.30 4.4 4.3 4.3 4.5 5.2 percent [+]
Money Supply M0 726559.00 776476 799912 823349 993950 1134901 VND Billion [+]
Money Supply M1 1456114.00 3410000 3410000 3410000 4010000 60000000 VND Billion [+]
Money Supply M2 6019609.00 7400000 7400000 7400000 8290000 11100000 VND Billion [+]
Foreign Exchange Reserves 28615.88 41436 41436 41436 44501 48901 USD Million [+]
Deposit Interest Rate 4.70 4.5 4.5 4.5 4.7 5.2 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -528.00 -750 1380 -1150 -600 -1400 USD Million [+]
Exports 17930.00 16200 18000 18300 19500 24300 USD Million [+]
Imports 18460.00 16950 16620 19450 20100 25700 USD Million [+]
Current Account 155.00 2045 3100 2350 2100 2730 USD Million [+]
Current Account to GDP 4.70 -0.2 -0.2 -0.2 0.3 1 percent [+]
External Debt 21699.00 28000 28000 28000 30000 38000 USD Million [+]
Terms of Trade 102.16 102 102 102 101 106 Index Points [+]
Foreign Direct Investment 4017.70 5064 4100 5200 3400 8500 USD Million [+]
Capital Flows 3525.00 1745 1500 -254 -580 700 USD Million [+]
Crude Oil Production 280.00 300 282 282 311 360 BBL/D/1K [+]
Tourist Arrivals 972.80 900 1000 1080 1150 1570 Thousand [+]
Terrorism Index 0.00 0 0 0 0 0.03 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 62.40 57 57 57 58 62 percent [+]
Government Budget -5.40 -5.9 -5.9 -5.9 -6.1 -5.3 percent of GDP [+]
Government Budget Value -190940.00 -310000 -310000 -310000 -290000 -230000 VND Billion [+]
Government Spending 265545.00 275436 278940 282445 303971 312671 VND Billion [+]
Government Revenues 996870.00 1170000 1170000 1170000 1300000 1570000 VND Billion [+]
Fiscal Expenditure 1187810.00 1480000 1480000 1480000 1590000 1800000 VND Billion [+]
Military Expenditure 5004.60 4995 4623 5318 4977 5513 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Manufacturing PMI 51.60 54.1 53.4 52.4 51.8 53 [+]
Industrial Production 7.20 9.1 8.3 8.6 7.5 6.9 percent [+]
Manufacturing Production 11.20 10.5 9.7 10.6 9.7 7.7 percent [+]
Changes in Inventories 126667.00 145200 145300 136020 154053 170133 VND Billion [+]
Car Registrations 21829.00 30520 31201 31500 37400 55461 Cars [+]
Competitiveness Index 4.31 4.4 4.4 4.4 4.2 4.7 Points [+]
Competitiveness Rank 60.00 65 65 65 71 70 [+]
Ease of Doing Business 82.00 78 78 73 81 60 [+]
Electricity Production 17200.00 17686 17230 17700 18200 25500 Gigawatt-hour [+]
Corruption Index 33.00 32 33 32 33 37 Points [+]
Corruption Rank 113.00 111 112 111 111 109 [+]
Mining Production -7.80 -6.7 -2.4 1.5 0.9 3.3 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales Yoy 11.60 11 8.5 8.4 9.2 7.9 percent [+]
Consumer Spending 2849540.00 3094655 3094655 3094655 3562272 4001281 VND Billion [+]
Consumer Confidence 112.00 105 103 109 111 110 [+]
Gasoline Prices 0.75 0.77 0.78 0.8 0.81 0.74 USD/Liter [+]
Retail Sales Mom -4.00 2.5 -2.9 1.7 0.5 6.9 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 20.00 20 20 20 20 20 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 [+]