Trade Balance in Vietnam

Vietnam Trade Balance | Economic News & Forecasts

Vietnam - Trade Balance

Following Q4’s strong rebound, GDP growth in Q1 of 2022 slowed slightly. The industrial sector grew thanks to healthy gains in manufacturing and despite rising fuel, transport and input material prices and a labor shortage induced by the most recent Covid-19 wave. Moreover, the lifting of pandemic-related restrictions supported services activity. The retail sector performed better in Q1 than in Q4 2021, with travel-related sales reaching positive levels for the first time in two years—a trend likely to continue as travel restrictions further loosen. Moving into the current quarter, Covid-19 cases continue to fall, which, together with the economy’s progressive reopening and a high vaccination rate, should aid momentum. Recently, the IMF concluded its Article IV mission and expressed a strong growth outlook, while calling for reforms targeting the labor force and governance.

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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