Vietnam Economic Outlook
June 19, 2018Available data suggests that the economy is growing at a robust, but slightly more moderate, stride in the second quarter. Both industrial output and retail sales expanded at a strong pace on average in the first two months of the quarter, but lost some steam in May. Growth in retail sales moderated as an upturn in inflation ate into consumers’ purchasing power. Moreover, the performance of the external sector deteriorated in May as import growth outpaced export growth. On the upside, overseas capital continued pouring into the economy at a healthy pace. While the economy is on track for another year of stellar growth, social unrest erupted recently when thousands in central Vietnam demonstrated over government plans to lease special economic zones, which they fear will be dominated by Chinese investors. In light of the protests, the National Assembly voted on 11 June to delay discussion of the proposed law until October.
Vietnam Economic GrowthThe economy is expected to grow at a strong pace again this year on the back of increased demand for manufacturing exports and a continued rise in FDI inflows that should support export-oriented industries. Household consumption should be propped up by rising household incomes and a swift expansion in private credit. That said, the rapid rise in private credit presents risks to financial stability in the medium-term. In a bid to alleviate the risks, the government has restricted lending to less productive industries. Met the why particular panelists expect the economy to expand 6.6% in 2018, which is unchanged from last month’s forecast, and 6.6% again in 2019.
Vietnam Economy Data
5 years of Vietnam economic forecasts for more than 30 economic indicators.
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|Bond Yield||4.84||-0.13 %||Jul 13|
|Exchange Rate||23,051||0.01 %||Jul 13|
|Stock Market||911||0.15 %||Jul 13|
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Vietnam Economic News
July 2, 2018
The Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit shot up to 55.7 in June from 53.9 in May and was one of the highest readings since the survey began in March 2011.
June 29, 2018
Vietnam’s industrial sector grew again at a robust pace in June, with growth of the sector accelerating to 12.3% in annual terms from 7.1% in May. Looking at a breakdown of the data, two out of the four sectors showed an improved performance, while the other two sectors deteriorated.
June 29, 2018
The economy expanded 7.1% over the same period of the previous year in the January–June period, slightly down from the 7.5% expansion recorded in January–March, as growth in the second quarter decelerated to 6.8%.
June 29, 2018
According to the General Statistics Office of Vietnam, consumer prices rose 0.61% over the previous month in June, which marked a slightly bigger increase than the 0.55% month-on-month rise in May.
June 1, 2018
The Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit climbed to a 13-month high of 53.9 in May, up from 52.7 in April.