Vietnam Economic Outlook
September 17, 2019Available data paints a positive picture for the third quarter, despite the challenging external environment. Industrial production continued to surge in July and August, buttressed by the manufacturing sector, while retail sales rose slightly over 12% year-on-year in the same period. Less positively, African swine fever continued to decimate pig herd numbers in August, which will likely have hit the performance of the agricultural sector in the quarter. Moreover, while the external sector remains resilient, particularly compared to regional peers, escalating global trade tensions appeared to weigh on export growth in August. This comes after Vietnam clocked by far the fastest growth among large ASEAN economies in the second quarter, propelled by healthy services and industrial sectors.
Vietnam Economic GrowthThe economy will continue to expand strongly for the remainder of the year, thanks to robust services and industrial output growth. However, given the economy’s open nature, growth will be hindered somewhat by weaker global momentum. Trade tensions are a source of uncertainty: While they will slow global economic growth, they could also divert more investment from China to Vietnam. FocusEconomics panelists project the economy will expand 6.7% in 2019 and 6.5% in 2020, which is unchanged from last month’s forecast.
Vietnam Economy Data
5 years of Vietnam economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||4.14||-0.13 %||Sep 04|
|Exchange Rate||23,200||0.01 %||Sep 04|
|Stock Market||978||0.15 %||Sep 04|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Vietnam Economic News
September 3, 2019
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in July to 51.4 in August.
August 29, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.28% in August over the prior month, up from July’s 0.18% increase.
August 29, 2019
Industrial production rose 10.5% in August, up from July’s revised 9.8% increase (previously reported: +9.7% year-on-year).
August 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) inched up from 52.5 in June to 52.6 in July.
July 29, 2019
Industrial production rose 9.7% in July, up from June’s revised 9.0% increase (previously reported: +9.6% year-on-year).