Vietnam Economic Outlook
January 22, 2019The 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 Economic GrowthThe outlook for 2019 remains bright, although growth is expected to slow from 2018’s robust showing. FDI inflows are expected to support export-oriented sectors and fortify Vietnam’s expanding role as a manufacturing hub in the region. Greater economic integration should also buoy the external sector and bring a fresh wave of FDI inflows. Moreover, the country is expected to capture diverted supply chains and company relocations due to persisting US-China trade tensions. Met the why particular panelists project the economy expanding 6.6% in 2019, which is unchanged from last month’s forecast, and 6.3% in 2020.
Vietnam Economy Data
5 years of Vietnam economic forecasts for more than 30 economic indicators.
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|Bond Yield||4.90||-0.13 %||Jan 30|
|Exchange Rate||23,204||0.01 %||Jan 30|
|Stock Market||916||0.15 %||Jan 30|
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Vietnam Economic News
April 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) ticked up to 51.9 points in March from February’s 35-month low of 51.2 points.
March 29, 2019
The economy lost traction at the start of 2019, with GDP growth decelerating to 6.8% in Q1 over the same quarter of the previous year, down from the robust 7.3% expansion recorded in the fourth quarter of 2018.
March 29, 2019
Industrial production rose 9.1% in annual terms in March, down from the 11.3% increase logged in February.
March 29, 2019
According to the General Statistics Office of Vietnam, consumer prices fell 0.21% over the prior month in March, contrasting the 0.80% rise logged in February.
March 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) edged down to a 35-month low of 51.2 points in February from 51.9 points in January, on muted demand and falling employment.