Trade Balance in Vietnam
Vietnam - Trade Balance
The economy expanded at a faster pace in Q3 than in Q2 according to recent data, in stark contrast to other large ASEAN economies, all of which likely contracted in the period. Activity was aided by the relatively successful containment of Covid-19, which meant the country was able to avoid large-scale lockdowns. The services sector returned to growth in the quarter, while the industrial and agricultural sectors grew at faster rates relative to Q2. Moreover, exports rose markedly, supported by the lifting of lockdowns abroad. However, an outbreak centered on the city of Da Nang in late July led to some localized restrictions and took the edge off the rebound. Turning to the fourth quarter, the economy should continue to gather steam, although a downtrodden tourism sector and the reimposition of restrictions in many countries will hit the external sector and drag on momentum.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: Central Bank slashes rates for third time this year in October
October 1, 2020
Effective from 1 October, the State Bank of Vietnam (SBV) reduced a host of interest rates, cutting the refinancing rate from 4.50% to a record low of 4.00%.
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Vietnam: Industrial output rebounds in September
September 29, 2020
Industrial output grew 3.8% compared to the same month a year earlier in September, which contrasted August's 0.6% decrease.
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Vietnam: Inflation falls to lowest level since May in September
September 29, 2020
Consumer prices increased 0.12% in September over the previous month, broadly unchanged from August's 0.07% increase.
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Vietnam: Activity gains steam in Q3 on stronger demand at home and abroad
September 29, 2020
GDP growth accelerated to 2.6% year-on-year in the third quarter, from 0.4% in the second quarter, thanks to the successful containment of the virus domestically and stronger demand abroad.
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Vietnam: Industrial output deteriorates in August
August 29, 2020
Industrial production fell 0.6% year-on-year in August (July: +1.8% yoy), chiefly due to weaker mining activity and stagnant manufacturing. The trend pointed down, with the annual average growth of industrial production coming in at plus 4.1% in August, down from July’s plus 5.0%. Looking ahead, industrial production should recover as economic activity ramps up abroad.
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