GDP in Vietnam
Vietnam - GDP (billions of U.S. Dollars)
Inflation falls to lowest level since October in April
Consumer prices fell 1.54% from the previous month in April, below March's 0.72% drop. Looking at the details of the release, food prices increased in April. In contrast, transport prices plummeted amid low oil prices. Meanwhile, education prices were largely stable.
Inflation fell to 2.9% in April, down from March’s 4.9%. April's figure represented the lowest inflation rate since October 2019. Meanwhile, the trend was unchanged, with annual average inflation coming in at March's 3.5% in April.
Looking ahead, our panelists see inflation remaining under control due to mild growth and low fuel prices.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.5% in 2020, which is down 0.6 percentage points from last month’s forecast. For 2021, the panel projects inflation to average 3.4%.
Vietnam - GDP (USD bn) Data
|GDP (USD bn)||186||191||201||220||241|
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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May 29, 2020
Industrial output declined 3.1% compared to the same month a year earlier in May, which was a smaller contraction than April's 9.4% decrease.
May 29, 2020
Consumer prices dropped 0.03% over the prior month in May, a smaller fall than April's 1.54% drop.
May 13, 2020
On 13 May, the State Bank of Vietnam (SBV) reduced a host of interest rates, with the refinancing rate being cut from 5.00% to 4.50%.
May 4, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) registered 32.7 in April, down from 41.9 in March.
May 1, 2020
Industrial output fell a staggering 11.4% in year-on-year terms in April, which contrasted March's 5.4% increase.