Trade Balance in Vietnam

Vietnam Trade Balance | Economic News & Forecasts

Vietnam - Trade Balance

In Q2, the economy likely maintained most of Q1’s momentum. Industrial activity continued improving in April–May in annual terms. In particular, manufacturing growth soared to a 13-month high in May: Looser pandemic restrictions, growth in new orders and higher staffing levels more than offset supply shocks due to the war in Ukraine and lockdowns in China. Retail sales growth in April–May also rebounded from Q1’s contraction. Retail sales were likely boosted by the removal of Covid-19 restrictions and an invigorated tourism sector, with international arrivals skyrocketing 1,184% in annual terms in May. In other news, Deputy Prime Minister Le Van Thanh said in late May that growth may undershoot the government’s 6.0–6.5% target this year, due to an expected slowdown in global demand and the government’s reluctance to boost expenditure.

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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