Vietnam Economic Outlook
November 14, 2017Recent data indicates the economy remains on a solid trajectory. Growth in industrial production remained strong in October, underpinned by an across-the-board expansion. Notably, the mining and quarrying sub-sector grew for the first time since December 2015, breaking 22 months of uninterrupted contractions. Exports jumped, translating into an improved trade surplus. Retail sales also rose at a double-digit rate as a surge in private-sector credit encouraged greater private consumption. Moreover, the economy continued to attract sizeable FDI inflows, which rose by more than 10% year-on-year in the January–October period. On 10 November, the National Assembly passed the 2018 socio-economic development plan. The plan aims to achieve annual growth of 6.5%–6.7% by boosting exports and investment. It also seeks to maintain macroeconomic stability by targeting a trade deficit below 3.0% of total export revenue and an inflation rate of 4.0%.
Vietnam Economic GrowthThe economy should continue to expand at a strong pace into next year on the back of increased investment, bolstered by robust FDI inflows, and healthy exports. A downside risk to the economy’s financial stability, however, is the elevated level of non-performing loans in the banking sector amid a private sector credit boom and a heavy public debt burden. FocusEconomics panelists expect the economy to expand 6.4% in 2018, which is down 0.1 percentage points from last month’s forecast, and 6.5% in 2019.
Vietnam Economy Data
5 years of Vietnam economic forecasts for more than 30 economic indicators.
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|Bond Yield||5.37||-0.13 %||Dec 06|
|Exchange Rate||22,715||0.01 %||Dec 06|
|Stock Market||948||0.15 %||Dec 06|
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Vietnam Economic News
December 1, 2017
Vietnam’s manufacturing sector continued to weaken in November, as evidenced by the Nikkei manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit.
November 29, 2017
The industrial sector’s robust performance continued in November: Year-on-year growth of industrial output rose to an over two-year high of 17.2%, up from October’s 17.0% increase. November’s stellar performance was led by the manufacturing sector, which recorded the fastest expansion since January 2013.
November 29, 2017
In November, consumer prices rose 0.13% over the previous month, down from a 0.41% month-on-month increase in October.
November 6, 2017
Industrial production continued to surge, expanding 17.0% over the same month last year in October, up from September’s 13.2% climb.
November 1, 2017
The Nikkei manufacturing Purchasing Managers’ Index (PMI) reported by IHS Markit dropped to 51.6 in October, down from 53.3 in September.