Current Account in Vietnam
Vietnam - Current Account (billions of U.S. Dollars)The economy recorded its strongest annual expansion in a decade in 2018, rounded off by a surge in growth in the final quarter. A stellar performance from the services sector and brisk industry and construction activity powered the Q4 GDP print, while agricultural output also picked up. The manufacturing subsector was a star performer in Q4, and in 2018 overall, while flourishing tourism was also a key driver of growth. Momentum in the industrial sector should spill over into Q1 as seen by companies’ upbeat business confidence. In other news, the government recently announced plans to revive a USD 58 billion high-speed rail line project from Hanoi to Ho Chi Minh City. The railway, if approved by the National Assembly, would boost infrastructure spending significantly and could support tourism and economic activity along the route once operational.
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||4.75||-0.13 %||Feb 14|
|Exchange Rate||23,202||0.01 %||Feb 14|
|Stock Market||952||0.15 %||Feb 14|
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February 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell to 51.9 points in January from 53.8 points in December, on broad-based weakness among the components.
January 29, 2019
Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.
January 29, 2019
According to the General Statistics Office of Vietnam, consumer prices fell 0.11% over the previous month in January, following the 0.25% drop logged in December.
Vietnam: Manufacturing sector ends the year on high note, despite dip in manufacturing PMI in December
January 2, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) dipped to 53.8 points in December from November’s robust 56.5-point multi-year high.
December 28, 2018
Industrial production grew 11.4% over the same month a year prior in December, gaining steam from the 9.6% increase recorded in November.