Markets Actual Q4 Q1 Q2 Q3 2021
Currency 23151.00 23151 23151 23151 23151 23151
Stock Market (points) 995.76 973 954 936 918 882
Government Bond 10y (%) 2.54 2.57 2.6 2.63 2.67 2.73

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 2.62 4.4 6.5 8.5 4.5 6.5
Unemployment Rate (%) 2.73 3.2 3.5 3.3 3.1 3.2
Inflation Rate (%) 2.47 2.2 2.5 3.5 3.7 4
Interest Rate (%) 4.00 4 4 4 4 4.25
Balance of Trade (USD Billion) 2.20 1600 1 2.1 2.5 1600
Current Account (USD Million) -323.00 2300 2700 2500 2650 2730
Current Account to GDP (%) 5.00 -0.5 1 1 1 1
Government Debt to GDP (%) 57.50 62 67 67 67 67
Government Budget (% of GDP) -4.40 -7.5 -7 -7 -7 -7
Manufacturing PMI (points) 51.80 47 50 51 52 51
Corporate Tax Rate (%) 20.00 20 17 17 17 17
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 2.62 4.4 6.5 8.5 4.5 6.5
GDP (USD Billion) 261.92 260 290 290 250 290
GDP Constant Prices (VND Billion) 2578108.00 3822058 3848198 753192 1729642 4009339
Gross National Product (VND Billion) 5686985.00 5213245 5305735 5489598 5592689 5468694
Gross Fixed Capital Formation (VND Billion) 1462994.00 1302474 1505904 1558089 1587348 1366296
GDP per capita (USD) 2082.20 1990 2030 2030 2030 2030
GDP per capita PPP (USD) 8041.20 7400 7800 7800 7800 7800
GDP From Agriculture (VND Billion) 359775.00 547660 525609 77112 250548 574496
GDP From Construction (VND Billion) 156366.00 245582 252073 38166 97280 257615
GDP From Manufacturing (VND Billion) 518967.00 700399 733343 156718 348657 734719
GDP From Mining (VND Billion) 127315.00 227332 216637 40242 91558 238472
GDP From Public Administration (VND Billion) 69860.00 103079 100994 20949 49160 108130
GDP From Services (VND Billion) 991228.00 1482255 1496313 304552 650257 1554886
GDP From Transport (VND Billion) 72787.00 111978 114959 22871 49132 117465
GDP From Utilities (VND Billion) 16489.00 22510 22813 4993 11075 23613

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 2.73 3.2 3.5 3.3 3.1 3.2
Employed Persons (Million ) 53.15 53 53.5 54 54 54
Unemployed Persons (Million ) 1.10 1.7 1.7 1.3 1.3 1.3
Minimum Wages (VND Thousand/Month) 4420.00 4420 4650 4650 4650 4650
Population (Million) 96.48 97.6 98.7 98.7 98.7 98.7
Labor Force Participation Rate (%) 76.60 75.5 76 76.6 77 77.8
Wages (VND Thousand/Month) 6340.00 6990 7400 6500 6890 7150
Wages In Manufacturing (VND Thousand/Month) 6154.00 6800 7300 6320 6890 6950
Youth Unemployment Rate (%) 6.98 7.5 7.5 7.2 7.2 7
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.47 2.2 2.5 3.5 3.7 4
Consumer Price Index CPI (points) 103.11 116 106 106 106 119
Core Inflation Rate (%) 1.88 1.9 1.8 2.1 2.2 2
GDP Deflator (points) 161.49 172 165 166 167 172
Export Prices (points) 108.40 100 100 107 107 107
Import Prices (points) 106.80 105 105 108 108 108
Inflation Rate Mom (%) 0.09 0.4 0.3 0.3 0.3 0.3
CPI Transportation (points) 89.87 94.24 95.05 89.02 80.31 96.6
Food Inflation (%) 5.74 4.5 3.5 2.3 2.5 3
Producer Prices (points) 99.05 99 100 105 102 104

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 4.00 4 4 4 4 4.25
Money Supply M0 (VND Billion) 1198095.00 1308991 1418723 1418723 1418723 1418723
Money Supply M1 (VND Billion) 2456665.00 2744146 2908079 2908079 2908079 2908079
Interbank Rate (%) 1.20 3.73 1.55 1.55 1.55 3.48
Money Supply M2 (VND Billion) 10573725.00 11772717 13044221 13044221 13044221 13044221
Foreign Exchange Reserves (USD Million) 84118.60 97129 102668 108206 113745 119284
Deposit Interest Rate (%) 4.78 5.2 4.48 4.48 4.48 4.73

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Billion) 2.20 1600 1 2.1 2.5 1600
Current Account (USD Million) -323.00 2300 2700 2500 2650 2730
Current Account to GDP (%) 5.00 -0.5 1 1 1 1
Imports (USD Billion) 24.50 19.1 21.6 20.4 19.9 21.5
Exports (USD Billion) 26.70 20.6 22.6 22.5 22.4 22.6
External Debt (USD Million) 108118.10 150000 130000 130000 130000 130000
Foreign Direct Investment (USD Billion) 15.80 22.5 21 21.3 23 27
Capital Flows (USD Million) 309.00 1500 1700 2100 2000 1500
Crude Oil Production (BBL/D/1K) 188.00 190 210 220 250 250
Tourist Arrivals (Thousand) 14.80 30 550 990 1000 1000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 57.50 62 67 67 67 67
Government Budget (% of GDP) -4.40 -7.5 -7 -7 -7 -7
Government Budget Value (VND Billion) -203441.00 -222584 -241029 -241029 -241029 -241029
Government Spending (VND Billion) 390051.00 356456 401491 415404 423205 373922
Government Revenues (VND Billion) 1551074.00 1597091 1700746 1700746 1700746 1700746
Fiscal Expenditure (VND Billion) 1754515.00 1871553 1994895 1994895 1994895 1994895
Military Expenditure (USD Million) 5451.00 5000 5500 5500 5500 5500

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 20.00 20 17 17 17 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 (%) 32.00 32 32 32 32 32
Social Security Rate For Companies (%) 21.50 21.5 21.5 21.5 21.5 21.5
Social Security Rate For Employees (%) 10.50 10.5 10.5 10.5 10.5 10.5

Business Actual Q4 Q1 Q2 Q3 2021
Manufacturing PMI (points) 51.80 47 50 51 52 51
Industrial Production (%) 5.40 5.5 5.5 7.5 6.5 6.9
Manufacturing Production (%) 4.70 9.5 9.5 11 9.5 9.8
Changes in Inventories (VND Billion) 157662.00 145500 145500 159000 159000 159000
Car Registrations 31607.00 19500 21000 23000 27000 31200
Electricity Production (Gigawatt-hour) 20200.00 20500 20500 20500 21000 21500
Mining Production (%) -5.20 1.5 1.5 6.5 4.5 3.5

Consumer Actual Q4 Q1 Q2 Q3 2021
Retail Sales Yoy (%) 6.10 8.5 2 6.5 7.7 10.6
Consumer Spending (VND Billion) 4115186.00 3726163 4235884 4382673 4464977 3908745
Consumer Confidence (points) 117.00 116 117 121 123 120
Gasoline Prices (USD/Liter) 0.61 0.66 0.55 0.52 0.5 0.63
Retail Sales Mom (%) 5.40 2.3 2.8 3.5 0.5 2.3


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.