Trade Balance in Vietnam
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 |
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 August 2021 in April
April 29, 2022
Consumer prices increased 0.18% in April over the previous month, which was below March's 0.70% rise.
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Vietnam: Industrial output growth improves in April
April 29, 2022
Industrial output rose 18.0% compared to the same month a year earlier in April, which was above March's 15.2% increase.
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Vietnam: Industrial output in March records quickest growth since April 2021
March 30, 2022
Industrial output increased 21.1% in year-on-year terms in March, which was above February's 18.2% increase.
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Vietnam: Inflation comes in at highest level since August 2021 in March
March 30, 2022
Consumer prices increased 0.70% in March over the previous month, a smaller increase than the 1.00% increase seen in February.
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Vietnam: GDP growth dips slightly in Q1
March 29, 2022
GDP growth eased to 5.0% year-on-year in the first quarter of 2022, slowing slightly from the 5.2% growth clocked in the fourth quarter of last year.
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