Current Account in Vietnam

Vietnam Current Account | Economic News & Forecasts

Vietnam - Current Account

Growth slowed marginally in the second quarter on a weaker agricultural sector, likely due in part to the impact of an outbreak of African swine fever. Nevertheless, the economic picture was still bright, and the expansion was likely among the strongest in the region. Manufacturing rose by double-digits, while mining output rebounded. Moreover, the service sector picked up speed on stronger retail trade, while tourist arrivals were up notably year-on-year. This comes after the economy eased in Q1 on a broad-based slowdown. Meanwhile, Vietnam signed a trade deal with the EU at the end of June, which, if ratified, will eventually eliminate 99% of tariffs. This should prove a boon for the country’s burgeoning export sector and support the manufacturing industry. The government expects the deal to boost Vietnamese GDP by 2.2%–3.3% from 2019–2023.

Vietnam - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)4.6  5.1  0.5  4.2  2.8  

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Vietnam Current Account Chart

Vietnam Current Account
Note: Current account balance as % of GDP.
Source: State Bank of Vietnam and FocusEconomics calculations.

Vietnam Facts

Bond Yield4.54-0.13 %Jul 11
Exchange Rate23,2030.01 %Jul 11
Stock Market9790.15 %Jul 11

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