Consumption in Vietnam
Vietnam - Consumption
Inflation falls to lowest level since October in April
Consumer prices fell 1.54% from the previous month in April, below March's 0.72% drop. Looking at the details of the release, food prices increased in April. In contrast, transport prices plummeted amid low oil prices. Meanwhile, education prices were largely stable.
Inflation fell to 2.9% in April, down from March’s 4.9%. April's figure represented the lowest inflation rate since October 2019. Meanwhile, the trend was unchanged, with annual average inflation coming in at March's 3.5% in April.
Looking ahead, our panelists see inflation remaining under control due to mild growth and low fuel prices.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.5% in 2020, which is down 0.6 percentage points from last month’s forecast. For 2021, the panel projects inflation to average 3.4%.
Vietnam - Consumption Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Consumption (annual variation in %) | 6.1 | 9.3 | 7.3 | 7.4 | 7.3 |
Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.38 | -0.13 % | Dec 31 |
| Exchange Rate | 23,173 | 0.01 % | Jan 01 |
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Economic News
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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.
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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.
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Vietnam: Central Bank cuts rates for second time this year in May
May 13, 2020
On 13 May, the State Bank of Vietnam (SBV) reduced a host of interest rates, with the refinancing rate being cut from 5.00% to 4.50%.
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Vietnam: Manufacturing PMI plummets in April
May 4, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) registered 32.7 in April, down from 41.9 in March.
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Vietnam: Industrial activity plunges on Covid-19 contagion in April
May 1, 2020
Industrial output fell a staggering 11.4% in year-on-year terms in April, which contrasted March's 5.4% increase.
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