Trade Balance in Vietnam

Vietnam Trade Balance | Economic News & Forecasts

Vietnam - Trade Balance

The economy began the fourth quarter on a robust footing according to available data. In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. However, the tourism sector remained downtrodden due to the border closure. This comes after activity accelerated in Q3 thanks to a rebound in the services sector and faster growth in industry and agriculture, amid the relatively successful containment of Covid-19. On the political front, in mid-November the National Assembly approved the 2021 budget, with both revenue and expenditure down from the original estimates made for 2020 as the government looks to rein in the budget deficit. The National Assembly also approved a 6% growth target for 2021—a goal our panelists judge to be easily achievable.

Vietnam - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)7.4  11.0  10.8  16.5  45.4  

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Vietnam Trade Balance Chart

Vietnam Trade
Note: Trade balance in USD bn.
Source: General Statistics Office of Vietnam.

Vietnam Facts

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

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