Vietnam Economic Outlook
October 18, 2016Vietnam’s economy accelerated in Q3, as the agricultural sector bounced back and the manufacturing and services sector expanded notably. In September, the manufacturing PMI reached a 16-month high and industrial output accelerated, confirming that the manufacturing sector, which attracts most of the foreign direct investment into the country, is in good shape. In October, a free trade agreement between Vietnam and the Eurasian Economic Union came into effect, which will boost exports and diversify the market for Vietnamese goods. Private credit also surged in the first nine months of the year, supporting private investment and consumption. Nonetheless, widespread lending heightens the financial system’s vulnerability to external shocks.
Vietnam Economy Data
5 years of Vietnam economic forecasts for more than 30 economic indicators.
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|Bond Yield||5.98||-0.15 %||Oct 24|
|Exchange Rate||22,312||-0.01 %||Oct 24|
|Stock Market||678||-0.99 %||Oct 24|
Vietnam Economic Growth
October 18, 2016Despite the strong performance of the agricultural sector and manufacturing production, GDP growth is likely to slow down this year, after environmental challenges hit production and consumption in rural areas. FocusEconomics panelists expect that the economy will grow 6.0% this year, which is unchanged from last month's projection. Next year, the panel expects GDP growth to accelerate to 6.5%.
Vietnam Economic News
October 3, 2016
The Nikkei manufacturing Purchasing Managers’ Index (PMI) increased from August’s 52.2 to 52.9 in September and reached a 16-month high.
October 3, 2016
In Q3 2016, GDP expanded 6.4% over the same period of the previous year, according to data released by the General Statistics Office (GSO) of Vietnam.
September 29, 2016
In September, industrial output rose 7.6% over the same month last year, which was above the 7.3% rise recorded in August.
September 1, 2016
The Nikkei manufacturing Purchasing Managers’ Index (PMI) climbed up from July’s 51.9 to 52.2 in August, reflecting a modest improvement in the operating conditions in the manufacturing sector.
August 29, 2016
In August, industrial output rose 7.3% over the same month last year, which was just a notch above the 7.2% rise recorded in July.