Trade Balance in Vietnam
Vietnam - Trade Balance
Early signs from the second quarter are discouraging. In April, the manufacturing PMI fell to an all-time low amid drops in output, new orders and employment; retail sales plunged on social distancing measures; exports were down on lockdowns abroad; and visitor arrivals ground to a halt due to travel restrictions. This comes after growth slowed to an over one-decade low in Q1 due to fallout from Covid-19 and lower oil and gas output. More positively, the government has lifted restrictions on activity in recent weeks due to success in containing coronavirus: Most non-essential businesses are operating, schools are open and domestic flights have resumed. However, the 14-day mandatory quarantine for foreign visitors is still in place. These looser social distancing restrictions, coupled with fiscal and monetary support, should be beginning to aid domestic activity.Vietnam - Trade Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 2.4 | 7.4 | 11.0 | 10.8 | 16.5 |
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: Industrial output falls in May, albeit at reduced rate
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.
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Vietnam: Inflation drops to lowest level since October in May
May 29, 2020
Consumer prices dropped 0.03% over the prior month in May, a smaller fall than April's 1.54% drop.
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Vietnam: Central Bank cuts rates for second time this year in May
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%.
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Vietnam: Manufacturing PMI plummets in April
May 4, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) registered 32.7 in April, down from 41.9 in March.
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Vietnam: Industrial activity plunges on Covid-19 contagion in April
May 1, 2020
Industrial output fell a staggering 11.4% in year-on-year terms in April, which contrasted March's 5.4% increase.
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