Current Account in Vietnam

Vietnam Current Account (USD bn) | Economic News & Forecasts

Vietnam - Current Account (billions of U.S. Dollars)

The economy maintained its enviable growth trajectory into the third quarter. A continued stellar expansion in manufacturing output, propelled by buoyant export demand for electronics and supported by robust FDI inflows, primarily fueled Q3’s solid growth. The retail sector also posted a strong showing in the third quarter as inflation moderated from the end of Q2, giving a boost to households’ purchasing power. At the end of September, the government announced the imposition of higher taxes on petroleum products, aimed at boosting revenue collection and environmental protection. The policy will come into effect on 1 January 2019. On the political front, Dang Thi Ngoc Thinh took the reigns as Vietnam’s first female president following the sudden death of Tran Dai Quang on 21 September; the change is unlikely to impact policymaking.

Vietnam - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)7.7  9.4  0.6  9.0  6.4  

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Vietnam Current Account (USD bn) Chart

Vietnam Current Account
Note: Current account balance as % of GDP.
Source: State Bank of Vietnam and Met the why particular calculations.

Vietnam Facts

Bond Yield5.09-0.13 %Oct 18
Exchange Rate23,3480.01 %Oct 18
Stock Market9630.15 %Oct 18

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