Fiscal Balance in Vietnam
Vietnam - Fiscal BalanceRecent 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 - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-7.2||-5.7||-6.4||-5.7||-3.5|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||4.14||-0.13 %||Sep 04|
|Exchange Rate||23,200||0.01 %||Sep 04|
|Stock Market||978||0.15 %||Sep 04|
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September 3, 2019
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in July to 51.4 in August.
August 29, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.28% in August over the prior month, up from July’s 0.18% increase.
August 29, 2019
Industrial production rose 10.5% in August, up from July’s revised 9.8% increase (previously reported: +9.7% year-on-year).
August 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) inched up from 52.5 in June to 52.6 in July.
July 29, 2019
Industrial production rose 9.7% in July, up from June’s revised 9.0% increase (previously reported: +9.6% year-on-year).