Markets Actual Q1 Q2 Q3 Q4 2021
Currency 23240.00 23222 23222 23222 23222 23222
Stock Market (points) 893.32 928 920 912 903 887
Government Bond 10y (%) 2.90 3.2 3.24 3.28 3.32 3.4

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 6.97 4.4 4.6 5.7 6.4 6.5
Unemployment Rate (%) 2.15 2.7 2.5 2.4 2.4 2.6
Inflation Rate (%) 6.43 6.6 5.5 6 4 5
Interest Rate (%) 6.00 5.5 5.5 5.5 5.25 5
Balance of Trade (USD Million) -280.00 2000 500 1000 1600 1600
Current Account (USD Million) 5919.00 2500 1500 2500 2730 2730
Current Account to GDP (%) 3.00 1.8 1.8 1.8 1.8 1.6
Government Debt to GDP (%) 57.50 58 58 58 58 56
Government Budget (% of GDP) -4.40 -4.1 -4.1 -4.1 -4.1 -4
Manufacturing PMI (points) 50.60 49 51.2 51.8 51 50.9
Corporate Tax Rate (%) 20.00 20 20 20 20 17
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 6.97 4.4 4.6 5.7 6.4 6.5
GDP (USD Billion) 245.21 265 265 265 265 289
GDP Constant Prices (VND Billion) 3738546.00 695992 1601715 2594883 3898070 4151444
Gross National Product (VND Billion) 5154552.00 5267952 5273107 5301457 5374497 5723839
Gross Fixed Capital Formation (VND Billion) 1321905.90 1350988 1352310 1359580 1378312 1467902
GDP per capita (USD) 1964.50 2185 2185 2185 2185 2295
GDP per capita PPP (USD) 6608.60 6800 6800 6800 6800 6800
GDP From Agriculture (VND Billion) 510632.00 73851 233694 362750 532421 567028
GDP From Construction (VND Billion) 244890.00 35091 87771 153135 255339 271937
GDP From Manufacturing (VND Billion) 712447.00 141441 313199 509797 742847 791132
GDP From Mining (VND Billion) 210464.00 39020 91254 138479 219444 233708
GDP From Public Administration (VND Billion) 98116.00 19166 43736 67792 102303 108952
GDP From Services (VND Billion) 1453677.00 283011 609609 1005113 1515705 1614226
GDP From Transport (VND Billion) 111683.00 22132 47757 77621 116449 124018
GDP From Utilities (VND Billion) 22163.00 4481 10063 16244 23109 24611

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 2.15 2.7 2.5 2.4 2.4 2.6
Employed Persons (Million ) 55.03 55.2 56 55.2 55.6 55.6
Unemployed Persons (Million ) 1.10 1.1 1.2 1.2 1.3 1.3
Minimum Wages (VND Thousand/Month) 4420.00 4420 4420 4420 4420 4650
Population (Million) 96.48 97.6 97.6 97.6 97.6 98.7
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Wages (VND Thousand/Month) 5981.00 6200 6100 5900 6000 6200
Wages High Skilled (VND/Month) 10825600.00 12300000 12300000 12300000 12900000 14500000
Wages In Manufacturing (VND Thousand/Month) 5874.00 6200 5900 5800 5900 6100
Wages Low Skilled (VND/Month) 5372100.00 4927000 4927000 4927000 5207510 5833800
Youth Unemployment Rate (%) 6.31 6.4 6.2 6.2 6.5 6.5
Labor Force Participation Rate (%) 76.60 76.6 76.6 76.6 76.6 77.8
Living Wage Family (VND/Month) 7763600.00 7580000 7580000 7580000 7800000 8000000
Living Wage Individual (VND/Month) 4752300.00 4220000 4220000 4220000 4300000 4300000

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 6.43 6.6 5.5 6 4 5
Consumer Price Index CPI (points) 118.09 119 119 120 121 127
Core Inflation Rate (%) 3.25 1.8 1.5 1.6 1.7 1.7
GDP Deflator (points) 158.65 169 167 168 165 173
Export Prices (points) 113.30 107 107 107 107 107
Import Prices (points) 111.20 108 108 108 108 108
Producer Prices (points) 100.52 102 103 103 106 104
Inflation Rate Mom (%) 1.23 0.6 0.4 0.4 0.4 0.3
CPI Transportation (points) 93.64 95.08 98.98 97.74 96.72 102
Food Inflation (%) 1.10 2.7 2.5 1.9 3 3

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 6.00 5.5 5.5 5.5 5.25 5
Money Supply M0 (VND Billion) 1085018.14 925000 925000 925000 925000 925000
Money Supply M1 (VND Billion) 2174032.77 2550000 2550000 2550000 2550000 2550000
Interbank Rate (%) 3.40 3.45 3.45 3.45 3.2 2.95
Money Supply M2 (VND Billion) 9211848.05 9150000 9150000 9150000 9150000 9150000
Foreign Exchange Reserves (USD Million) 70131.80 73170 75838 78505 81172 91841
Deposit Interest Rate (%) 4.68 4.18 4.18 4.18 3.93 3.68

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -280.00 2000 500 1000 1600 1600
Current Account (USD Million) 5919.00 2500 1500 2500 2730 2730
Current Account to GDP (%) 3.00 1.8 1.8 1.8 1.8 1.6
Imports (USD Million) 18600.00 22700 21600 22500 22700 23800
Exports (USD Million) 18320.00 23600 22100 23500 23700 25400
External Debt (USD Million) 112114.00 150000 150000 150000 150000 160000
Foreign Direct Investment (USD Billion) 2.45 5 10.1 15.1 22.5 27
Tourist Arrivals (Thousand) 1994.10 1300 1400 1550 1800 1950
Capital Flows (USD Million) 835.00 3000 2500 2500 700 700
Crude Oil Production (BBL/D/1K) 223.00 260 260 260 280 280

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 57.50 58 58 58 58 56
Government Budget (% of GDP) -4.40 -4.1 -4.1 -4.1 -4.1 -4
Government Budget Value (VND Billion) -191500.00 -120000 -120000 -120000 -120000 -120000
Government Spending (VND Billion) 358592.00 366481 366840 368812 373893 398196
Government Revenues (VND Billion) 1424914.00 1450000 1450000 1450000 1450000 1450000
Fiscal Expenditure (VND Billion) 1616414.00 1570000 1570000 1570000 1570000 1570000
Military Expenditure (USD Million) 5451.00 5800 5800 5800 5800 5800

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 20.00 20 20 20 20 17
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 26.00 26 26 26 26 26
Social Security Rate For Companies (%) 18.00 18 18 18 18 18
Social Security Rate For Employees (%) 8.00 8 8 8 8 8

Business Actual Q1 Q2 Q3 Q4 2021
Manufacturing PMI (points) 50.60 49 51.2 51.8 51 50.9
Industrial Production (%) -5.50 7 8 9.5 6.9 6.9
Manufacturing Production (%) -4.80 9.5 11 10.5 9.6 9.8
Changes in Inventories (VND Billion) 148644.00 159000 159000 159000 159000 159000
Car Registrations 15211.00 30500 25000 26000 31200 31200
Mining Production (%) -12.90 2.5 0.8 3.5 3.3 3.3
Electricity Production (Gigawatt-hour) 16800.00 19900 21000 19500 20500 21500

Consumer Actual Q1 Q2 Q3 Q4 2021
Retail Sales Yoy (%) 10.20 10.5 10 11.5 10.6 10.6
Consumer Spending (VND Billion) 3745063.00 3827454 3831199 3851797 3904865 4158681
Retail Sales Mom (%) 3.60 2.5 0.8 0.6 2.3 2.3
Gasoline Prices (USD/Liter) 0.80 0.77 0.79 0.8 0.83 0.83
Consumer Confidence (points) 125.00 126 120 120 115 120


This page has economic forecasts for Vietnam including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Vietnam economy.