Fiscal Balance in Vietnam

Vietnam Fiscal Balance | Economic News & Forecasts

Vietnam - Fiscal Balance

The economy expanded at a faster pace in Q3 than in Q2 according to recent data, in stark contrast to other large ASEAN economies, all of which likely contracted in the period. Activity was aided by the relatively successful containment of Covid-19, which meant the country was able to avoid large-scale lockdowns. The services sector returned to growth in the quarter, while the industrial and agricultural sectors grew at faster rates relative to Q2. Moreover, exports rose markedly, supported by the lifting of lockdowns abroad. However, an outbreak centered on the city of Da Nang in late July led to some localized restrictions and took the edge off the rebound. Turning to the fourth quarter, the economy should continue to gather steam, although a downtrodden tourism sector and the reimposition of restrictions in many countries will hit the external sector and drag on momentum.

Vietnam - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-6.1  -3.7  -1.2  -3.5  -     

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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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