Vietnam Economic Outlook
May 26, 2020
Early signs from the second quarter are discouraging. In April, the manufacturing PMI fell to an all-time low amid drops in output, new orders and employment; retail sales plunged on social distancing measures; exports were down on lockdowns abroad; and visitor arrivals ground to a halt due to travel restrictions. This comes after growth slowed to an over one-decade low in Q1 due to fallout from Covid-19 and lower oil and gas output. More positively, the government has lifted restrictions on activity in recent weeks due to success in containing coronavirus: Most non-essential businesses are operating, schools are open and domestic flights have resumed. However, the 14-day mandatory quarantine for foreign visitors is still in place. These looser social distancing restrictions, coupled with fiscal and monetary support, should be beginning to aid domestic activity.Vietnam Economic Growth
Growth is seen slumping this year. Although domestic activity has resumed, the highly-open economy will be hit by the impact of recession abroad on tourism and exports. Risks to the outlook center on the length of the coronavirus pandemic and a potentially weak recovery in external demand. FocusEconomics panelists project the economy will expand 2.6% in 2020, which is down 0.3 percentage points from last month’s forecast, and 7.7% in 2021.Vietnam Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.38 | -0.13 % | Dec 31 |
| Exchange Rate | 23,173 | 0.01 % | Jan 01 |
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
-
Vietnam: Inflation increases in June
June 29, 2020
Consumer prices rose 0.66% over the prior month in June, swinging from May's 0.03% fall.
-
Vietnam: Industrial output bounces back in June
June 29, 2020
Industrial output rose 7.0% year-on-year in June (May: -0.4% yoy).
-
Vietnam: Economy virtually flatlines in Q2, improved performance expected in second half
June 29, 2020
The economy expanded 0.4% year-on-year in Q2 according to recent data, down from Q1’s revised 3.7% growth (previously reported: +3.8% year-on-year) and broadly in line with FocusEconomics panelists’ expectations.
-
Vietnam: Industrial output falls in May, albeit at reduced rate
May 29, 2020
Industrial output declined 3.1% compared to the same month a year earlier in May, which was a smaller contraction than April's 9.4% decrease.
-
Vietnam: Inflation drops to lowest level since October in May
May 29, 2020
Consumer prices dropped 0.03% over the prior month in May, a smaller fall than April's 1.54% drop.
© Copyright: 2020. | Vietnam Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
