Markets Actual Q2 Q3 Q4 Q1 2023
Currency 23240.00 23319 23391 23463 23538 23684
Stock Market (points) 1202.96 1143 1103 1063 1025 954
Government Bond 10y (%) 3.40 3.49 3.56 3.63 3.7 3.85

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 5.03 5.9 8.9 5 4.8 5
Unemployment Rate (%) 2.46 3.1 2.8 2.5 2.4 2.5
Inflation Rate (%) 2.86 2.9 3 2.7 2.6 2.5
Interest Rate (%) 4.00 4.5 4.5 4.75 4.75 4.75
Balance of Trade (USD Billion) -1.73 1.8 1.2 1.8 1.8 1.8
Current Account (USD Million) 3998.00 1500 4800 4800 4800 2730
Current Account to GDP (% of GDP) 5.00 1 1 1 1 0.5
Government Debt to GDP (% of GDP) 46.70 47 47 46 46 46
Government Budget (% of GDP) -5.80 -4.5 -4.5 -4.5 -4.5 -4
Manufacturing PMI (points) 54.70 50 50 52 52 51
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 5.03 5.9 8.9 5 4.8 5
GDP (USD Billion) 271.16 310 310 310 310 340
GDP Constant Prices (VND Billion) 1255312.00 2587335 3968100 5397174 1315567 5667033
Gross National Product (VND Billion) 5930690.00 6280601 6458521 6256878 6215363 6569722
Gross Fixed Capital Formation (VND Billion) 1533217.00 1623677 1669673 1617544 1606811 1698421
GDP per capita (USD) 2655.77 2070 2070 2070 2070 2070
GDP per capita PPP (USD) 8200.33 7800 7800 8200 8200 8200
GDP From Agriculture (VND Billion) 130990.00 280643 458346 610167 137278 640675
GDP From Construction (VND Billion) 68401.00 155299 248921 357766 71684 375655
GDP From Manufacturing (VND Billion) 304815.00 625956 950477 1284730 319446 1348967
GDP From Mining (VND Billion) 37038.00 79209 123119 163507 38816 171682
GDP From Public Administration (VND Billion) 21067.00 50025 79163 113896 22078 119590
GDP From Services (VND Billion) 535754.00 1088153 1642779 2265013 561470 2378264
GDP From Transport (VND Billion) 69373.00 132360 196046 270171 72703 283679
GDP From Utilities (VND Billion) 7527.00 14531 22638 30083 7888 31587

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 2.46 3.1 2.8 2.5 2.4 2.5
Employed Persons (Million ) 53.37 54 54 55 55 55
Unemployed Persons (Million ) 1.20 1.3 1.3 1.2 1.2 1.2
Minimum Wages (VND Thousand/Month) 4420.00 4650 4650 4650 4650 4650
Population (Million) 97.58 99.7 99.7 99.7 99.7 99.7
Labor Force Participation Rate (%) 67.70 77 77 77 77 77.8
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Wages (VND Thousand/Month) 6400.00 7500 7500 7340 7340 7550
Wages In Manufacturing (VND Thousand/Month) 7139.00 7400 7400 7250 7250 7500
Youth Unemployment Rate (%) 8.78 7 7 7 7 7

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 2.86 2.9 3 2.7 2.6 2.5
Consumer Price Index CPI (points) 107.68 108 108 108 110 111
Core Inflation Rate (%) 1.61 1.5 1.5 2 2 2
GDP Deflator (points) 163.58 168 168 168 168 172
Export Prices (points) 107.00 115 115 115 115 115
Import Prices (points) 103.60 110 110 110 110 110
Inflation Rate Mom (%) 0.38 0.3 0.1 0 0.5 0.3
Food Inflation (%) 2.42 2.5 2.5 2.5 2.5 3
CPI Transportation (points) 117.18 118 118 118 118 119
Producer Prices (points) 104.39 104 104 104 104 104

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 4.00 4.5 4.5 4.75 4.75 4.75
Interbank Rate (%) 2.48 2.98 2.98 3.23 3.23 3.23
Money Supply M0 (VND Billion) 1280888.00 1528454 1528454 1528454 1528454 1627189
Money Supply M1 (VND Billion) 2627819.00 3072013 3072013 3072013 3072013 3143979
Money Supply M2 (VND Billion) 11485845.00 14315724 14315724 14315724 14315724 15179361
Foreign Exchange Reserves (USD Million) 106329.20 113435 113435 125975 125975 142741
Deposit Interest Rate (%) 3.38 3.88 3.88 4.13 4.13 4.13

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Billion) -1.73 1.8 1.2 1.8 1.8 1.8
Current Account (USD Million) 3998.00 1500 4800 4800 4800 2730
Current Account to GDP (% of GDP) 5.00 1 1 1 1 0.5
Imports (USD Billion) 32.21 23.1 23.1 23.6 23.6 23.6
Exports (USD Billion) 30.48 23.9 23.9 25.4 25.4 25.4
External Debt (USD Million) 130119.00 110000 110000 110000 110000 110000
Foreign Direct Investment (USD Billion) 7.71 9 9 25 25 25
Capital Flows (USD Million) 6921.00 1100 1100 1500 1500 1500
Crude Oil Production (BBL/D/1K) 183.00 180 170 166 160 160
Tourist Arrivals (Thousand) 172.95 28 35 355 355 650

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 46.70 47 47 46 46 46
Government Budget (% of GDP) -5.80 -4.5 -4.5 -4.5 -4.5 -4
Government Budget Value (VND Billion) -280105.00 -239474 -239474 -239474 -239474 -239474
Government Spending (VND Billion) 422452.00 447377 460050 445687 442730 467971
Government Revenues (VND Billion) 1507845.00 1804401 1804401 1804401 1804401 1804401
Fiscal Expenditure (VND Billion) 1787950.00 2118237 2118237 2118237 2118237 2118237
Military Expenditure (USD Million) 5603.00 5500 5500 5600 5600 5600

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Manufacturing PMI (points) 54.70 50 50 52 52 51
Industrial Production (%) 10.40 3.1 5.5 5.5 5.5 6.9
Manufacturing Production (%) 9.60 5.5 5.5 8.7 8.7 8.7
Changes in Inventories (VND Billion) 166647.00 160000 160000 160000 160000 160000
Car Registrations 39469.00 29500 29500 32500 32500 32500
Electricity Production (Gigawatt-hour) 23300.00 21500 21500 21500 21500 21500
Mining Production (%) 2.70 2.5 2.5 4 4 4

Consumer Actual Q2 Q3 Q4 Q1 2023
Retail Sales Yoy (%) 22.60 5.5 5.5 5 5 5
Consumer Spending (VND Billion) 4270222.00 4522165 4650272 4505084 4475193 4730338
Gasoline Prices (USD/Liter) 1.20 1.24 1.29 1.33 1.38 1.38
Consumer Confidence (points) 113.00 121 121 121 121 120


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Vietnam Forecast - was last updated on Tuesday, June 28, 2022.