Current Account in Vietnam

Vietnam Current Account | Economic News & Forecasts

Vietnam - Current Account

Recent indicators suggest the economy had a bright start to the third quarter, after likely growing faster than any other large ASEAN economy in the second quarter. In July, industrial production was up roughly 10% year-on-year, driven by manufacturing. This chimes with the manufacturing PMI, which edged up in the same month on faster growth in new orders and output, bucking the regional trend. Moreover, retail sales and visitor arrivals were also encouraging in July, while exports surged despite easing global momentum—a testament to the country’s growing role as a manufacturing hub. However, African swine fever, which has hit pig herd levels, is likely hurting the agricultural sector. Meanwhile, the IMF recently concluded a staff visit. The Fund praised the government’s prudent fiscal stance and reform efforts, but urged a reduction of remaining barriers to investment.

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 Yield4.14-0.13 %Sep 04
Exchange Rate23,2000.01 %Sep 04
Stock Market9780.15 %Sep 04

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