Fiscal Balance in Vietnam
Vietnam - Fiscal BalanceEconomic 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
|Fiscal Balance (% of GDP)||-5.7||-6.4||-3.9||-4.7||-4.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.38||-0.13 %||Dec 31|
|Exchange Rate||23,173||0.01 %||Jan 01|
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February 3, 2020
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) registered 50.6 in January, down from 50.8 in December.
January 29, 2020
According to the General Statistics Office of Vietnam, consumer prices rose 1.23% in January over the prior month, down from December’s 1.40% increase.
January 29, 2020
Industrial production contracted 5.5% in January year-on-year, contrasting December’s 6.2% expansion.
January 2, 2020
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) registered 50.8 in December, marginally below November’s 51.0 reading.
December 29, 2019
Industrial production rose 6.2% in December year-on-year, up slightly from November’s revised 5.5% expansion (previously reported: +5.4% in November year-on-year).