Fiscal Balance in Vietnam

Vietnam Fiscal Balance | Economic News & Forecasts

Vietnam - Fiscal Balance

Economic momentum ebbed in the fourth quarter according to recent data, although the economy likely continued to markedly outperform most regional peers nonetheless. Strong expansions in manufacturing and services buttressed growth, with trade diversion from China likely aiding manufacturing and surging tourist arrivals and a tight labor market boosting the services sector. Less positively, the mining sector contracted, while the impact of African swine fever continued to restrain the agricultural sector. The fourth quarter’s reading rounded out a stellar 2019, which saw growth clock 7.0%—likely the fastest reading in ASEAN and exceeding the government’s 6.6–6.8% target. Late last year, the government set a 2020 growth target of 6.8%, a figure slightly above FocusEconomics panelists’ expectations.

Vietnam - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-5.7  -6.4  -3.9  -4.7  -4.4  

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Vietnam Facts

Value Change Date
Bond Yield3.38-0.13 %Dec 31
Exchange Rate23,1730.01 %Jan 01

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