Current Account in Vietnam
Vietnam - Current Account (billions of U.S. Dollars)Available data suggests the economy remains on solid footing in the last quarter of 2018, although GDP growth is expected to ease from the third quarter’s strong showing. Manufacturing activity appears to have stayed solid in the quarter, highlighted by a pick-up in industrial production in November and the manufacturing PMI hitting an 18-year high in the same month. This was mostly thanks to surging new business inflows and output, and could also be partly due to companies’ efforts to divert supply chains and relocate factories from China amid the U.S.-China trade row. Moreover, tourist arrivals increased at a rapid pace in November, while retail sales grew robustly in the same month, boding well for private consumption. On a less positive note, the external sector showed signs of weakening in Q4, as import growth outpaced export growth in October and November, with the latter month posting a trade deficit.
Vietnam - Current Account (USD bn) Data
|Current Account Balance (USD bn)||7.7||9.4||0.6||9.0||6.4|
5 years of economic forecasts for more than 30 economic indicators.
Vietnam Current Account (USD bn) Chart
Source: State Bank of Vietnam and Met the why particular calculations.
|Bond Yield||5.20||-0.13 %||Dec 14|
|Exchange Rate||23,288||0.01 %||Dec 14|
|Stock Market||952||0.15 %||Dec 14|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 3, 2018
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) rose to 56.5 points in November, up notably from the 53.9 points logged in October and marking the best result since January 2000.
November 30, 2018
According to the General Statistics Office of Vietnam, consumer prices fell 0.29% over the previous month in November, following the 0.33% increase in October.
November 30, 2018
Industrial production expanded 9.6% over the same month a year ago in November, a solid pick-up from the 7.7% expansion recorded in October. The acceleration came on the back of stronger output in the manufacturing sector and faster growth in the electricity and gas supply sector, while a slight rebound in the mining and quarry sector also supported the headline print.
November 1, 2018
Vietnam’s manufacturing sector improved in October following a notable slowdown in September.
October 30, 2018
According to the General Statistics Office of Vietnam, consumer prices rose 0.33% over the prior month in October, down from the 0.59% increase in September.