Trade Balance in Vietnam
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 |
Vietnam Trade Balance Chart
Source: General Statistics Office of Vietnam.
Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.38 | -0.13 % | Dec 31 |
| Exchange Rate | 23,173 | 0.01 % | Jan 01 |
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Economic News
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Vietnam: Inflation comes in at highest level since September 2020 in May
May 29, 2021
Consumer prices rose 0.16% over the previous month in May, swinging from April's 0.04% drop.
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Vietnam: Industrial output growth eases in May
May 29, 2021
Industrial output expanded 11.6% in year-on-year terms in May, which was a deterioration from April's 24.6% surge.
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Vietnam: Inflation hits seven-month high in April
April 29, 2021
Consumer prices fell 0.04% in April over the previous month, a more moderate drop than the 0.27% drop logged in March.
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Vietnam: Industrial output growth gains momentum in April
April 29, 2021
Industrial production rose 24.1% year-on-year in April (March: +6.1% yoy).
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Vietnam: Inflation rises in March
March 29, 2021
Consumer prices fell 0.27% over the previous month in March, swinging from the 1.52% rise logged in February.
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