Vietnam Economic Outlook
September 18, 2018Available data signals that the economy’s robust performance in the first two quarters spilled over into the third quarter. Industrial production again recorded a double-digit increase in August, albeit losing some pace from July, led by a solid upturn in the all-important manufacturing sector. Retail sales also picked up in July and continued growing robustly in August as a fall in inflation lent support to households’ purchasing power. Although export growth lost ground in August, the trade deficit narrowed as imports also slowed in the month. However, foreign direct investment decelerated, likely owing to tensions stemming from the escalating U.S.–China trade war. In other news, the country’s finance minister, Dinh Tien Dung, called for increased flexibility in the exchange rate on 12 September, as the economy remains on track to significantly reduce its debt burden.
Vietnam Economic GrowthThis year’s strong growth is expected to carry into next year, thanks to robust FDI inflows and solid domestic demand. Strong private credit growth and rising incomes should support private consumption, while overseas capital should continue to buoy manufacturing output. However, the ballooning of private credit and, in turn, the debt burden, present risks to financial stability in the medium-term. That said, the government’s move to restrict lending to less productive industries should help reduce those risks. Met the why particular panelists expect the economy to expand 6.7% in 2018 and 6.6% in 2019, which is unchanged from last month’s forecast.
Vietnam Economy Data
5 years of Vietnam economic forecasts for more than 30 economic indicators.
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|Bond Yield||5.11||-0.13 %||Sep 20|
|Exchange Rate||23,323||0.01 %||Sep 20|
|Stock Market||1,005||0.15 %||Sep 20|
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Vietnam Economic News
September 4, 2018
Vietnam’s manufacturing sector lost steam for the second consecutive month, as reflected by a fall in the Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit.
August 31, 2018
Vietnam’s industrial sector continued expanding at a strong pace in August, with output expanding 13.4% year-on-year, slightly down from 14.3% in July.
August 31, 2018
According to the General Statistics Office of Vietnam, consumer prices rose 0.45% over the previous month in August, contrasting a 0.09% month-on-month decline in July.
August 1, 2018
Vietnam’s manufacturing sector lost pace in July, as reflected by a drop in the Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit, which fell from 55.7 in June to 54.9.
July 31, 2018
Vietnam’s industrial sector grew at a strong pace of 14.3% in annual terms in July, up from a 12.3% year-on-year expansion in June. A breakdown of the data shows an improved performance by the mining and quarrying, manufacturing, and electricity supply sectors.