Vietnam Economic Outlook
April 16, 2019
The economy lost some ground in the first quarter of the year, weighed on by slower growth across all sectors. Most notable was the slowdown in service sector activity, which was likely hindered by fewer tourist arrivals in the quarter, while the agricultural sector also weakened. Moreover, merchandise export growth dipped in Q1, partly due to falling smartphone shipments. On a brighter note, the industrial sector held up well, while FDI remained robust, with newly established businesses increasing at the fastest rate in five years; this could be connected to firms shifting production out of China amid the prolonged U.S.-China trade dispute.Vietnam Economic Growth
The outlook for 2019 remains favorable. Household spending will remain brisk amid stable inflation and rising incomes, while sustained tourism should support the service sector. Moreover, industrial output, FDI and exports should continue to power growth. Risks from a larger-than-expected Chinese or global slowdown loom over the outlook, however. FocusEconomics panelists project the economy expanding 6.6% in 2019, which is unchanged from last month’s forecast, and 6.4% in 2020.Vietnam Economy Data
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Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.76 | -0.13 % | May 13 |
| Exchange Rate | 23,329 | 0.01 % | May 13 |
| Stock Market | 959 | 0.15 % | May 13 |
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Vietnam Economic News
Vietnam: Industrial production growth picks up in April
April 30, 2019
Industrial production rose 9.3% in annual terms in April, up from the 9.1% increase logged in March.
Vietnam: Inflation inches up in April
April 30, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.31% in April over the prior month, contrasting March’s 0.21% fall.
Vietnam: Manufacturing sector gains traction in March
April 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) ticked up to 51.9 points in March from February’s 35-month low of 51.2 points.
Vietnam: Vietnamese economy loses momentum at outset of year
March 29, 2019
The economy lost traction at the start of 2019, with GDP growth decelerating to 6.8% in Q1 over the same quarter of the previous year, down from the robust 7.3% expansion recorded in the fourth quarter of 2018.
Vietnam: Industrial production slows in March
March 29, 2019
Industrial production rose 9.1% in annual terms in March, down from the 10.3% increase logged in February.
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