Vietnam Economic Outlook
February 19, 2019
Economic growth appears to be cooling in the first quarter of 2019, following last year’s decade-high performance. The manufacturing PMI fell at the outset of the year, with output and new business growth both slowing in January. Despite this, firms remained optimistic about the outlook for the year, suggesting the sector could prove to be resilient to the slowdown afflicting neighboring countries, which is largely due to a cooling Chinese economy and global trade tensions. Likewise, industrial production, which was an important driver of growth last year, also softened in January. On the flipside, new FDI projects and registered capital rose by over a quarter in annual terms in January, signaling FDI inflows should remain robust. Moreover, the tourism sector will also likely support growth in Q1 as suggested by healthy tourist arrivals in January.Vietnam Economic Growth
The economy should continue to grow at a robust, albeit weaker, pace in 2019, propelled by strong FDI inflows, a burgeoning role as a manufacturing hub in the region and solid domestic demand. However, a more challenging trade environment amid persistent Sino-American trade tensions and cyclical slowdowns in the U.S. and China, could dampen export prospects. 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 | 4.80 | -0.13 % | Mar 11 |
| Exchange Rate | 23,199 | 0.01 % | Mar 11 |
| Stock Market | 985 | 0.15 % | Mar 11 |
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Vietnam Economic News
Vietnam: Manufacturing PMI ticks down to nearly three-year low in February
March 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) edged down to a 35-month low of 51.2 points in February from 51.9 points in January, on muted demand and falling employment.
Vietnam: Inflation stable in February
February 28, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.80% in month-on-month terms in February, contrasting the 0.10% fall recorded in January.
Vietnam: Industrial production growth gains traction in February
February 28, 2019
Industrial production jumped 10.1% over the same month last year in February, accelerating from the revised 8.1% increase logged in January (previously reported: +7.9% year-on-year).
Vietnam: Manufacturing conditions improve at a more modest pace in January
February 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell to 51.9 points in January from 53.8 points in December, on broad-based weakness among the components.
Vietnam: Industrial production softens at outset of the year
January 29, 2019
Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.
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